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If Marigold corp uses the direct write off method to account for uncollectible accounts the adjusting entry at December 31. assuming Marigold determines s925 balance

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If Marigold corp uses the direct write off method to account for uncollectible accounts the adjusting entry at December 31. assuming Marigold determines s925 balance is uncollectible. If Allowance for Doubtful Accounts has a credit balance of $1,180 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 10% of accounts receivable. If Allowance for Doubtful Accounts has a debit balance of $550 in the balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% of accounts receivable

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