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Cornerstone F Aging Methad On anuary 1,2019, Hungryman, Inc, has the following balances for accounts receivable and llowance for doubtfil accounts: xercise 5-27 (Algorithmic) $1,279,400
Cornerstone F Aging Methad On anuary 1,2019, Hungryman, Inc, has the following balances for accounts receivable and llowance for doubtfil accounts: xercise 5-27 (Algorithmic) $1,279,400 ccounts Receivable Allowance for Doubtful Accounts (a credit balance During 2019, Hung yma had $19,000,000 of redit sales collected $17, 45,000 or accounts eceivable, and 42,000 rote ott $60,000 o accounts eceivable as uncolectible. At year end Hungryman pe forms an aging or its accounts receivable balance and esti ates that 52,000 ill be uncollectibl Required 1. Caloulate Hungryman's preadjustment balance in accounts receivable on December 31, 2019 2. Calculate Hungrmans preadtustment balanca in alowanca far douhtful accounts December 31, 2019 3. Prepare t the necessary adjusting entry for 2019 Reurd ddusuny entry for bad debt expse e Imdte
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