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prepare journal entires. thank you for your help! 5. Prepare the appropriate journal entries for each of the following situations: a. Under the allowance method,

image text in transcribedprepare journal entires. thank you for your help!
5. Prepare the appropriate journal entries for each of the following situations: a. Under the allowance method, at the end of the period bad debt expense is estimated to be $4,000. Prepare any necessary adjusting entries. b. A $2,700 account receivable from Elite Co. is written off as uncollectible. The direct write- c. A $3,500 account receivable from Bentley Co. is written off as uncollectible. The d. A $1,235 account receivable from Apple Co., which was written off three months earlier, A) 7 off method is used. allowance method is used. is collected in full. The allowance method is used

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