Sometime in 2012, Aird Company recognizes that it is never going to collect the $3,000 owed by
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Sometime in 2012, Aird Company recognizes that it is never going to collect the $3,000 owed by Harder. It therefore writes off the bad debt . It does this by decreasing Accounts Receivable and also decreasing Allowance for Doubtful Accounts. Write the entry for this transaction.
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