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prepare the journal entry Chapter 8 Accounts Receivable (eoch question worth 2 points unless otherwise noted) Prepare the necessary journal entries to record the following

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Chapter 8 Accounts Receivable (eoch question worth 2 points unless otherwise noted) Prepare the necessary journal entries to record the following transactions: 1. O'Brien Sports and Outdoors shows a Accounts Receivable balance of $150,000. They the percentage of receivables method. Bad debts are expected to be 10% of accounts receivable. Currently there is $3,000 credit balance in the allowance for doubtful accoun Prepare the entry to book bad debt

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