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Eaton company has a credit balance of 3500 in allowance for

1. Eaton Company has a credit balance of $3,500 in Allowance for Doubtful Accounts. The estimated bad debts expense under the percentage-of-sales basis is $4,100. The total estimated uncollectibles under the percentage-of-receivables basis is $5,800. Prepare the adjusting entry under each basis.

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Accounting Basics: Eaton company has a credit balance of 3500 in allowance for

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