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For company's that use the Allowance method, why do they calculate and journalize bad debts expense? (Hint: think about some of the GAAP principles learned

  1. For company's that use the Allowance method, why do they calculate and journalize bad debts expense? (Hint: think about some of the GAAP principles learned in Chapter 1 and Chapter 3.)
  2. In your opinion, what is the trickiest part of Chapter 8. Explain.

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