University of Mississippi ACCY ACCY 201 Helix company has a $280,000 balance in Accounts Receivable and a…
Helix company has a $280,000 balance in Accounts Receivable and a $2000 debit balance in allowance for doubtful accounts. Credit sales for the period totaled $1,800,000. what is the amount of the bad debt adjusting entry if Helix uses a percentage-of-receivables basis (at 10%)?
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