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Discount Mart utilizes the allowance method of accounting for uncollectible receivables. On December 12th the receives dollar 580 check from a had Thomas in settlement

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Discount Mart utilizes the allowance method of accounting for uncollectible receivables. On December 12th the receives dollar 580 check from a had Thomas in settlement of Thomas dollar 1.110 outstanding accounts receivable. Due to Thomas failing health he is dosing his company and is expecting to make no payments to Discount Journalize this transaction. If an amount box not require an entry, it blank or enter "0

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