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On December 31, 2024, when its Allowance for Doubtful Accounts had a credit balance of $2,000, Blossom Garden Supply Company estimates that 7% of its
On December 31, 2024, when its Allowance for Doubtful Accounts had a credit balance of $2,000, Blossom Garden Supply Company estimates that 7% of its accounts receivable balance of $91,700 will become uncollectible. On March 3, 2025, Blossom determined that Bernie Madoff's account of \$930 was uncollectible. On May 15, 2025, Madoff paid the amount previously written off. Prepare the journal entries for December 31, 2024, March 3, 2025 and May 15, 2025. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (To reinstate an account previously written off) (To record payment on occount in full) Swe torilater Attempts: 0 of 1 used
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