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A summary of Klugman Company's December 31,2024 , accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group:
A summary of Klugman Company's December 31,2024 , accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group: The allowance for uncollectible accounts had a balance of $1,330 on January 1,2024 . During the year, bad debts of $680 were written off. Required: Prepare all journal entries for 2024 with respect to bad debts and the allowance for uncollectible accounts. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the entry to write-off specific accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry for bad debt expense. Note: Enter debits before credits
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