Wilton inc. had net sales in 2014 of 1489800. at december, Ask an Expert

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Wilton, Inc. had net sales in 2014 of $1,489,800. At December 31, 2014, before adjusting entries, the balances in selected accounts were: Accounts Receivable $333,600 debit, and Allowance for Doubtful Accounts $4,210 credit. If Wilton estimates that 4% of its net sales will prove to be uncollectible.

Prepare the December 31, 2014, journal entry to record bad debt expense.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946419

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