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When using the allowance method, the adjusting entry to record estimated bad debt expense includes a ______. (Check all that apply.)

Sagot :

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It should be noted that When using the allowance method, the adjusting entry includes a credit to Allowance for Doubtful Accounts debit to Bad Debt Expense.

What is allowance method?

The allowance method  can be regarded as a method which involves setting aside a reserve for bad debts which could come up in the future.

The reserve is done on percentage of the sales generated in a reporting period,

Learn more about allowance method at;

https://brainly.com/question/4636062

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