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Martin Rorke is reviewing the results of the review of subsequent cash receipts. There are several receipts listed from customers that were considered doubtful at

Martin Rorke is reviewing the results of the review of subsequent cash receipts. There are several receipts listed from customers that were considered doubtful at the end of the year (December 31). Martin is also reviewing evidence showing that another customer that had a large balance at year-end unexpectedly declared bankruptcy on January 10. Analyze how this information should be reflected in the financial statements.

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