Al each calendar year end, Mazle Supply Co uses the percent of accounts receivable method to...

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Al each calendar year end, Mazle Supply Co uses the percent of accounts receivable method to esamate bad debts on December 31

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Answer 1

Answer #1

Transaction	General Journal	Debit	Credit
(a)	Bad debts expense	1683		=(129500*3%)-2202
	Allowance for doubtful accounts		1683

(b)	Bad debts expense	4533		=(129500*3%)+648
	Allowance for doubtful accounts		4533

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Answer 2

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At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate...

At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate...

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