The following accounts receivable information pertains to Select Distributors.
A. Determine the estimated uncollectible bad debt for Select Distributors in 2018 using the balance sheet aging of receivables method.
B. Record the year-end 2018 adjusting journal entry for bad debt.
C. Assume there was a previous debit balance in Allowance for Doubtful Accounts of $233,180; record the year-end entry for bad debt, taking this into consideration.
D. Assume there was a previous credit balance in Allowance for Doubtful Accounts of $199,440; record the year-end entry for bad debt, taking this into consideration.
E. On March 21, 2019, Select Distributors identifies Aida Norman’s account as uncollectible in the amount of $10,890. Record the entry for identification.
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