Novak Company has a credit balance of $3,210 in Allowance for Doubtful Accounts before adjustment. The total estimated uncollectibles under the percentage-of-receivables basis is $5,930. Prepare the adjusting entry to record bad debt expense.
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Home » Business » Novak Company has a credit balance of $3,210 in Allowance for Doubtful Accounts before adjustment. The total estimated uncollectibles under the percentage-of-receivables basis is $5,930. Prepare the adjusting entry to record bad debt expense.