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Pacific Corporation provides the following information regarding accounts receivable during 2022, its second year of operations (Click the icon to view the information regarding
Pacific Corporation provides the following information regarding accounts receivable during 2022, its second year of operations (Click the icon to view the information regarding accounts receivable.) The company performs an aging of accounts receivable in order to estimate its allowance for uncollectible accounts Pacific uses the following estimated percentages of receivables expected to be uncollectible within each category (Click the icon to view the allowances provided) (Click the icon to view the aged schedule of accounts receivable) What is the journal entry to record the bad debt expense for 2022? What is the NRV of accounts receivable balance at the end of the year? Prepare the journal entry to record the bad debt expense for 2022 (Record debits first, then credits. Exclude explanations from any journal entries) Account Year-end
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