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At December 31 2022, Smith Co. reported accounts receivable of$500,000. Allowance for doubtful accounts was calculated at 5% ofthis amount, or $25,000. During 2023, the

At December 31 2022, Smith Co. reported accounts receivable of$500,000. Allowance for doubtful accounts was calculated at 5% ofthis amount, or $25,000. During 2023, the following eventsoccurred:1. 2 answers

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