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NEED HELP PLEASE The account balances of Blossom Company at December 31.2024, the end of the current year, show Accounts Recelvable $133,200 : Allowancefor Doubtful
NEED HELP PLEASE
The account balances of Blossom Company at December 31.2024, the end of the current year, show Accounts Recelvable $133,200 : Allowancefor Doubtful Accounts \$1,600 (credit): Sales \$1,053,800; Sales Returns and Allowances \$40.000: and Sales Discounts 514800 (a) Record the adjusting entry at December 31.2024, assuming uncollectible accounts are estimated to be 10% of accounts recelvable. (Credit acount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter ofor the amounts. Llist debit entry before credit entry Step by Step Solution
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