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1. Shu Co. prepared an aging of its accounts receivable and determined that the accounts receivable was $325,000 and the cash realizable value of the

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1. Shu Co. prepared an aging of its accounts receivable and determined that the accounts receivable was $325,000 and the cash realizable value of the receivables was $300.000 at December 31, 2010. Additional information is available as follows: 1 Allowance for uncollectible accounts at 1/1/2010 credit balance $30,000 2 Accounts written off as uncollectible during 2010 26,000 3 Collection of accounts previously written off during 2010 (recovery of uncollectible account) 6,000 Required: (12 points) Prepare the journal entry to record the following: Accounts written off as uncollectible during 2010 (item 2 above) Uncollectible accounts recovered during 2010 (item 3 above) Bad debt expense for 2010 ST

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