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On January 1, Jackson Company had the following (normal) account balances: Accounts Receivable: $ 67,000 Allowance for Uncollectible Accounts: 1,680 The bookkeeper, Linda Wilson, has
On January 1, Jackson Company had the following (normal) account balances: Accounts Receivable: $ 67,000 Allowance for Uncollectible Accounts: 1,680 The bookkeeper, Linda Wilson, has prepared the following information for the year to assist you in creating a balance sheet. $ 209,100 185,150 1,450 Credit Sales for the Year: Collections of Accounts Receivable: Write-off of Bad Debts: Bad Debts Expense for Year: (recorded as an adjusting entry on December 31) 1,220 Required: Prepare the detailed balance sheet presentation of net realizable value. Jackson Company Current Assets (partial) December 31 Current Assets: (Choose one)
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