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At December 31, 2017, the trial balance of Kingbrid, Inc. contained the following amounts before adjustment. Prepare the adjusting entry at December 31, 2017, to
At December 31, 2017, the trial balance of Kingbrid, Inc. contained the following amounts before adjustment. Prepare the adjusting entry at December 31, 2017, to record bed debt expense, assuming that the aging schedule indicates that $9, 570 of accounts receivable will be uncollectible. Repeat part(a), assuming that instead of a credit balance there is a $1, 370 debit balance in Allowance for Doubtful Accounts. During the next month, January 2018, a $2, 010 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. Repeat part(c), assuming that Kingbird, Inc. uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable
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