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Big thanks P12-1C. Redtail Co. of Waltham has requested that you prepare journal entries from the following (this company uses the Allowance for Doubtful Accounts

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P12-1C. Redtail Co. of Waltham has requested that you prepare journal entries from the following (this company uses the Allowance for Doubtful Accounts method based on the income statement approach): 2021 Dec. 31 Recorded bad debts expense of $11,200. 2022 Jan. 8 Wrote off Helen Jamison's account of $850 as uncollectible. Mar. 5 Wrote off Rob Hart's account of $400 as uncollectible. July 9 Recovered $200 from Rob Hart. Aug. 20 Wrote off Brian Brisk's account of $1,640 as uncollectible. 27 Wrote off Ellen Wate's account of $525 as uncollectible. Nov. 19 Recovered $700 from Brian Brisk. The income statement approach: journalizing bad debts expense and writing off accounts .. (25 min) Check Figure Aug. 27 Dt Allowance for Doubtful Accounts Ct. Accounts Receivable, Ellen Watt $525 $525

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