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b. During 2024 , credit sales were $1,552,000; sales discounts taken were $30,000; accounts receivable collected were $1,324,900; and accounts written off during the year
b. During 2024 , credit sales were $1,552,000; sales discounts taken were $30,000; accounts receivable collected were $1,324,900; and accounts written off during the year totalled $31,000. Prepare the adjusting entry required on December 31,2024 , to estimate uncollectible receivables assuming it is based on the following aging analysis
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Financial And Managerial Accounting
Authors: Susan F. Haka ,Joseph V. Carcello ,Jan R. Williams
18th Edition
1259922189, 978-1259922183
