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Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollectible accounts. Accounts not yet due = $
Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollectible accounts.
Accounts not yet due $; estimated uncollectible
Accounts days past due $; estimated uncollectible
Accounts more than days past due $; estimated uncollectible
Before recording any adjustments, Dhaliwal has a debit balance of $ in its allowance for uncollectible accounts.
Required:
Estimate the appropriate balance for Dhaliwal's allowance for uncollectible accounts.
What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts?
Required
Estimate the appropriate balance for Dhaliwal's allowance for uncollectible accounts.
Balance in allowance for uncollectible accounts
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