previously written off accounts of $4,000 were collected (in addition to the "regular" collections).Instructions
a. Record the 2018 transactions.
b. If the company uses the percentage of receivables basis to estimate bad debts expense and determines that uncollectible accounts are expected to be 5% of accounts receivable, prepare the adjusting entry for bad debts expense at December 31, 2018.

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The Answer of previously written off accounts of $4,000 were collected (in addition to the "regular" collections).Instructions
a. Record the 2018 transactions.
b. If the company uses the percentage of receivables basis to estimate bad debts expense and determines that uncollectible accounts are expected to be 5% of accounts receivable, prepare the adjusting entry for bad debts expense at December 31, 2018.

Previously Written Off Accounts of $4,000 Were Collected (In Addition