Dean’s Sports Posters, Inc. had sales on account of $260,000 last year. Sales returns and allowances were $1,200, and Sales discounts were $800.

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September 16, 2020
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September 16, 2020

Dean’s Sports Posters, Inc. had sales on account of $260,000 last year. Sales returns and allowances were $1,200, and Sales discounts were $800.

Dean’s Sports Posters, Inc. had sales on account of $260,000 last year. Sales returns and allowances were $1,200, and Sales discounts were $800. Accounts receivable balance at the end of the year was $25,000.  Pre-adjusted allowance for bad debts balance was $1,525. Prepare the journal entry to record bad debts for the year if Dean estimates its bad debts at 1% of net credit sales

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The post Dean’s Sports Posters, Inc. had sales on account of 0,000 last year. Sales returns and allowances were ,200, and Sales discounts were 0. first appeared on Submit Your Homeworks.


Dean’s Sports Posters, Inc. had sales on account of $260,000 last year. Sales returns and allowances were $1,200, and Sales discounts were $800. was first posted on September 16, 2020 at 1:39 pm.
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