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At December 31, 2019, Marigold Company had a credit balance of $16,100 in Allowance for Doubtful Accounts. During 2020, Marigold wrote of accounts totaing 511,400.
At December 31, 2019, Marigold Company had a credit balance of $16,100 in Allowance for Doubtful Accounts. During 2020, Marigold wrote of accounts totaing 511,400. One of those accounts (57,100) was later collected. At December 31, 2020, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $24,300 Prepare journal entries to record the 2020 transactions of Marigold Company. (Credit account tres are automatically indented when amount is entered. Do not indent manually.) Account Tities and Explanation Debit Credit (To record amount written of) (to reverse write (To record collection of writer) (To record estimated bad debts for the year Click if you would like to Show Work for this question: On Show Work Bull 2000 W Inc. All Rights Reserved. An of lohn Wilson ver43
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