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A client, Leanne's Lollipops, is operating on a cash basis. They are reviewing their year-end accounts receivables before the books are closed. One customer, Kathy's

A client, Leanne's Lollipops, is operating on a cash basis. They are reviewing their year-end accounts receivables before the books are closed. One customer, Kathy's Kandyland, has a partially paid invoice, but has gone out of business and will not be paying the remainder.

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