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Question 2 of 3 Current Attempt in Progress At December 3 1 , 2 0 2 1 , Blue Company had a credit balance of
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Current Attempt in Progress
At December Blue Company had a credit balance of $ in Allowance for Doubtful Accounts. During Blue wrote off accounts totaling $ One of those accounts of $ was later collected. At December an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $
Prepare journal entries to record the transactions of Blue Company. Credit account titles are automatically indented when amount is entered. Do not indent manually.
Account Titles and Explanation
Debit
Credit
To record amount written off
To reverse writeoff
To record collected of writeeoff
To record estimated bad debts for the year
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