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Journalize the following transactions assuming the allowance method is used to account for uncollectible receivables. 05/14 Received 75% of the $20,000 balance owed by Webb

Journalize the following transactions assuming the allowance method is used to account for uncollectible receivables. 05/14 Received 75% of the $20,000 balance owed by Webb Co., a bankrupt business. W...

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