At the end of its first year in business, Baxter Laboratories had accounts receiva ble totaling $148,500.
Question:
At the end of its first year in business, Baxter Laboratories had accounts receiva¬
ble totaling $148,500. After careful analysis of the individual accounts, the credit manager estimated that $146,100 would ultimately be collected. Give the journal entry required to reflect this estimate in the accounts.
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Related Book For 
Accounting The Basis For Business Decisions
ISBN: 9780070415515
5th Edition
Authors: Robert F. Meigs, Walter B Meigs
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