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For each transaction listed below, indicate the effect on net income and the net realizable value of accounts receivable. Select your answer by clicking in
For each transaction listed below, indicate the effect on net income and the net realizable value of accounts receivable. Select your answer by clicking in the drop down box to the right of each transaction. Answer choices may be used once, more than once, or not at all.
1. Jason Company wrote off an account receivable as uncollectible
2. Jason Company recorded bad debt expense for the year
3. Jason Company sold inventory to a customer on account
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