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Please hell on question 19&20 19 During the course of the year, Cindy realized that many of the art galleries were frequently late paying her
Please hell on question 19&20 19 During the course of the year, Cindy realized that many of the art galleries were frequently late paying her back. Below is an aging schedule for accounts receivable. Prepare the journal entry to record the adjustment to the allowance for doubtful accounts, assuming a beginning credit balance of $2,000. 20 Gallery #3 confirms that they are struggling to pay Cindy. They agree to take out a Note Receivable for $12,400,6 month, 9%, to settle their open account. Record this exchange
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