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Accounting for uncollectible accounts using the allowance method and reporting receivables on the balance sheet [15-30 min] At December 31, 2012, the Accounts receivable balance
Accounting for uncollectible accounts using the allowance method and reporting receivables on the balance sheet [15-30 min] At December 31, 2012, the Accounts receivable balance of Solar Energy Manufacturing is $170,000. The Allowance for doubtful accounts has a $10,000 credit balance. Solar Energy Manufacturing prepares the following aging schedule for its accounts receivable: Journalize the year-end adjusting entry for doubtful accounts on the basis of the aging schedule. Show the T-account for the Allowance for uncollectible accounts T December 31, 2012. Show how Solar Energy Manufacturing will report Accounts receivable on its December 31, 2012, balance sheet
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