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2. value 1.00 points Blackhorse Productions, Inc. used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $23,150.
2. value 1.00 points Blackhorse Productions, Inc. used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts should be $23,150. The account had an unadjusted credit balance of $11,700 at that time a. The appropriate bad debt adjustment was recorded b. Later, an account receivable for $2,700 was determined to be uncollectible and was written off Required: For each transaction listed above, indicate the amount and direction (+ for increase or - for decrease) of effects on the financial statement accounts and on the overall accounting equation (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity a b
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