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On 1/1/24, the balance in Allowance for Doubtful Accounts: $22,000 Credit Record Journal Entries for a,b,&d below. Complete the table in part c. 1. a.
On 1/1/24, the balance in Allowance for Doubtful Accounts: $22,000 Credit Record Journal Entries for a,b,&d below. Complete the table in part c. 1. a. Record the joumal entry an 3/31/24 to write off the non-collection of the following accts: b. On 7/15/24, Jones Company calls to siyy they'd like to pay off their balance noted in a. above. Record the joumal entries to record the RENSTATEMENT and the CASH RECEIPT of the balance. c. Estimate the required balance of the Allowance for Doubtful Accounts at Dec 31, using the aging of accounts receivable methad. Cilculate the targeted Dec 31 balance for Allawance for Doubtful Accounts. d. Prepare the sdjusting entry to record bad debts expense at Dec 31 using the 1/1 cpening bolance and the transactians shown in al), b] and c) above. SHOW WORK! HINT: Use a T-Acct
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