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2. The Allowance for Doubtful Accounts has an $8,900 debit balance prior to adjustment. Based on the aging schedule of accounts receivable prepared on
2. The Allowance for Doubtful Accounts has an $8,900 debit balance prior to adjustment. Based on the aging schedule of accounts receivable prepared on Dec 3, 2021, the end of year estimated uncollectibles is $49,800. Accounts Receivable has a balance of $504,000 at the end of the year. Journalize the adjusting entry needed to journalize bad debt at December 31, 2021 (4 pts).
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
