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Prepare the adjusting entry under each basis

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Reference no: EM131144205

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. 

Reference no: EM131144205

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