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Presented below is an aging schedule for Monty Corp.. At December 31, 2019, the unadjusted balance in Allowance for Doubtful Accounts is a credit of

Presented below is an aging schedule for Monty Corp..

At December 31, 2019, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $12,500.

Journalize the adjusting entry for bad debts at December 31, 2019.

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