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At December 31,2024 , Sheridan Imports reported this information on its balance sheet. During 2025 , the company had the following transactions related to receivables.

At December 31,2024 , Sheridan Imports reported this information on its balance sheet. During 2025 , the company had the following transactions related to receivables. Enter the January 1,2025, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances. (Post entries in the order of journal entries presented in the previous part.)

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