Carla Company reports the following financial information before adjustments.
Accounts Receivable $150,000
Allowance for Doubtful Accounts $2,650
Sales Revenue (all on credit) 821,100
Sales Returns and Allowances 50,660
Prepare the journal entry to record bad debt expense assuming Carla Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,350 debit balance.
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Home » Business » Carla Company reports the following financial information before adjustments. Accounts Receivable $150,000 Allowance for Doubtful Accounts $2,650 Sales Revenue (all on credit) 821,100 Sales Returns and Allowances 50,660 Prepare the journal entry to