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Hughes Company has a Debit balance of $1,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year.
Hughes Company has a Debit balance of $1,000 in its Allowance for | |||||||
Doubtful Accounts before any adjustments are made at the end of the year. | |||||||
Based on review and aging of its accounts receivable at the end of the year, | |||||||
Hughes estimates that $6,000 of its receivables are uncollectible. | |||||||
Please prepare the journal entry to record the bad debt expense in the | |||||||
Diagonal Box. |
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