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On December 31,2024 , the Allowance for Expected Credit Losses has an unadjusted debit balance of $1,070. Oak Ridge Corporation estimates that 10% of its
On December 31,2024 , the Allowance for Expected Credit Losses has an unadjusted debit balance of $1,070. Oak Ridge Corporation estimates that 10% of its total accounts receivable balance of $83,300 will become uncollectible and records the necessary adjustment to the Allowance for Expected Credit Losses. On May 11, 2025, Oak Ridge Corporation determined a J. Reno's account was uncollectible and wrote off $1,500. On June 12,2025 , Reno paid the amount previously written off. Prepare the journal entries on December 31, 2024, May 11, 2025, and June 12, 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for
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