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PA 4. LO 9.2  Jars Plus recorded $861,430 in credit sales for the year and $488,000 in accounts receivable. The uncollectible percentage is 2.3% for the in

PA 4. LO 9.2 

Jars Plus recorded $861,430 in credit sales for the year and $488,000 in accounts receivable. The uncollectible percentage is 2.3% for the income statement method, and 3.6% for the balance sheet method.A. Record the year-end adjusting entry for 2018 bad debt using theincome statement method.B. Record the year-end adjusting entry for 2018 bad debt using the balance sheet method.C. Assume there was a previous debit balance in Allowance for Doubtful Accounts of $10,220, record the year-end entry for bad debt using the income statement method, and then the entry using the balance sheet method.D. Assume there was a previous credit balance in Allowance forDoubtful Accounts of $5,470, record the year-end entry for bad debt using the income statement method, and then the entry using the balance sheet method. 

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