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At December 31, 2021, Blossom Company had a balance of $32,000 in the Allowance for Doubtful Accounts. During 2022, Blossom wrote off accounts totaling
At December 31, 2021, Blossom Company had a balance of $32,000 in the Allowance for Doubtful Accounts. During 2022, Blossom wrote off accounts totaling $28,416. One of those accounts ($3,840) was later collected. At December 31, 2022, an aging schedule indicated that the balance in the Allowance for Doubtful Accounts should be $40,960. (a) Your answer is partially correct. Prepare journal entries to record the 2022 transactions of Blossom Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 52 Sr. No Account Titles and Explanation (1) Allowance for Doubtful Accounts Accounts Receivable Debit Credit
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