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Crown uses the percent of sales method to establish a reserve for bad debt; Prince uses the Aging of Accounts Receivable PREPARE THE JE TO

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Crown uses the percent of sales method to establish a reserve for bad debt; Prince uses the Aging of Accounts Receivable PREPARE THE JE TO RECORD THE ALLOWANCE FOR DOUBTFUL ACCONTS IF IN 2017 Account ABC files bankrupcy & owed Crown $500 with no indication that this debt will be paid. PREPARE THE JE to writeoff

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