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Flyzopen Limited had a $900 credit balance in Allowance for Doubtful Accounts at December 31, 2022, Question 6 before the current year's provision for uncollectible
Flyzopen Limited had a $900 credit balance in Allowance for Doubtful Accounts at December 31, 2022, Question 6 before the current year's provision for uncollectible accounts. An aging of the accounts receivable reverelad tha fallawina. Required: (a) Prepare the adjusting entry on December 31,2022, to recognize bad debts expense. (b) Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $900 debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's provision for uncollectible accounts
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