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Knowledge Check 01 The company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted credit balance of $10 in Allowance for
Knowledge Check 01 The company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted credit balance of $10 in Allowance for Sales Discounts as of December 31. Of the $25,000 of receivables, $10,000 are within a 2% discount period that the company expects the buyers to take Complete the necessary adjusting entry by selecting the account names from the drop-down menus and the amounts in the Debit and Credit columns View transaction list Journal entry worksheet The company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted credit balance of $10 in Allowance for Sales Discounts as of December 31. of the $25,000 of receivables, $10,000 are within a 2% discount period that the company expects the buyers to take Note: Enter debits before credits. Date General Journal Debit Credit 12/31 Record entry Clear entry View general journal
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