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Adjustment for Uncollectible Accounts Evers Industries has computed that the proper balance for the Allowance for Doubtful Accounts at July 31 is $106,106. Assume that
Adjustment for Uncollectible Accounts Evers Industries has computed that the proper balance for the Allowance for Doubtful Accounts at July 31 is $106,106. Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $8,240 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. July 31 Accounts Receivable unts Accounts Payable Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense Cash Sales od, the balance of the allowance account after the adjusting entry should be the proper balance computed by the company
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