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Assume that the year-end of Bridge Cotporation is December 31 at. Bridge Corporation uses the aging method (balance sheet approach) to record and update uneollectible

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Assume that the year-end of Bridge Cotporation is December 31 at. Bridge Corporation uses the aging method (balance sheet approach) to record and update uneollectible aceounts frois credit sales. Below additional information for the year ended December 31, 2022, aud all accounti are in normal balince. a. January 1, 2022, balance of Accounts Roceivable was $68,000 and lanuary 1, 2022, balince of Allowance for Uncollectible Accounts waas S2,600: b. Total revemue, $369,000 and 72% of the total rovenue was on credit (on accoumt). c. Cash collections from credit salen-totalod $280,000. d. Write-off of imcollectible accounts receivable amounted to $3,800 e. Recovery of an account reeivable that had been previonsly been written off was S1 590. f. Aging schedule of accounts receivablesin: Required: Prepare the journal entry to record bad debt at the end of 2022 . Show clear calculations ( 6 marks)

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