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ADJUSTMENT: Customers owe $10,000 but it will not be possible to collect it TRANSACTION ANALYSIS: a.Accounts impacted: name and type b.Debits/credits c.Explain the transaction d.Explain

ADJUSTMENT: Customers owe $10,000 but it will not be possible to collect it

TRANSACTION ANALYSIS:

  • a.Accounts impacted: name and type
  • b.Debits/credits
  • c.Explain the transaction
  • d.Explain the impact on the balance sheet

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