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Gemini Ltd. has an Accounts Receivable amount of $370,000 and an unadjusted credit balance in Allowance for Expected Credit Losses of $8,800 at March 31.
Gemini Ltd. has an Accounts Receivable amount of $370,000 and an unadjusted credit balance in Allowance for Expected Credit Losses of $8,800 at March 31. The company's accounts receivable and percentage estimates of uncollectible accounts are as follows: Prepare a Trial Balance and an Income Statement 8) Prepare an aging schedule to determine the total estimated uncollectible at March 31. 9) Prepare the adjusting entry at March 31 to record the credit losses for the period. What amount do you DB Credit Losses (or CR to Allowance for Expected Credit Losses) 8) 9) The following information (in millions) was taken from the December 31 financial statements
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