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At December 31, 2022, the trial balance of Sheffield Corp contained the following amounts before adjustment, Debit Credit $163,300 Accounts Receivable Allowance for Doubtful Accounts
At December 31, 2022, the trial balance of Sheffield Corp contained the following amounts before adjustment, Debit Credit $163,300 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $ 1450 787.600 {a} Prepare the adjusting entry at December 31, 2022. to record bad debt expense, assuming that the aging schedule indicates that $10.740 of accounts receivable will be uncollectible (b) Repeat part (a), assuming that instead of a credit balance there is a $1,450 debit balance in Allowance for Doubtful Accounts. During the next month, January 2023, a $2.290 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off d) Repeat part el, assuming that she held Corp. uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit (a) b) ( Ic) (d)
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