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Need help with this question please Question 13] Fife Companyr has the allrrwing account balances at December 31 of the current year: Accounts Receivable $42,400

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Question 13] Fife Companyr has the allrrwing account balances at December 31 of the current year: Accounts Receivable $42,400 and Allowance for Doubtful Accounts $1,600 (credit balance). Fife uses the aging of accounts receivable to estimate bad debts. The following aging schedule reects the situation at yearend: {1) Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31, current year, balance sheet {2) Prepare the journal entry to record bad debts expense for the current year

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