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Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Moon Corporation
Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Moon Corporation sold $65,000 of goods on credit in January of Year Two. Based on those sales, company officials anticipated that $4,000 will eventually prove uncollectible. In March of Year Two, $1,000 of the accounts were discovered to be uncollectible and written off. A. The total of the sales transactions B. Recognition of bad debt expense C. Write off of the account in March Required: Present the journal entry or adjusting entry to record the above for year two. Your answers to this open-ended assignment should be placed in the space below this line. A Account Name Debit Credit B Account Name Debit Credit C Account Name Debit Credit
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