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Prepare general journal entries to record the following transactions for Smith Company. (The company uses the balance sheet approach for recording bad debts expense.) 2021
Prepare general journal entries to record the following transactions for Smith Company. (The company uses the balance sheet approach for recording bad debts expense.)
2021
Dec. 31 Recorded Bad Debts Expense, $900
2022
Jan. 3 Wrote off Jal's account as uncollectible, $260
Mar. 4 Wrote off Hall's account as uncollectible, $95
Jul. 5 Recovered $55 from Hall
Aug. 19 Wrote off M. Wilson's account as uncollectible, $50
Nov. 7 Recovered $45 from Jal
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