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Question content area top Part 1 The Accounts Receivable balance for North comma Inc. at December? 31, 2024?, was $ 23 ,000. During 2025?, North
Question content area top Part 1 The Accounts Receivable balance for North comma Inc. at December? 31, 2024?, was $ 23 ,000. During 2025?, North comma Inc. earned revenue of $ 458 , 000 on account and collected $ 327 , 000 on account. North comma Inc. wrote off $ 6, 000 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 3?% of accounts receivable. Requirement 1. Assume North comma Inc. had an unadjusted $ 2 ,400 credit balance in Allowance for Bad Debts at December ?31, 2025. Journalize North comma Inc.?'s December ?31, 2025?, adjustment to record bad debts expense using the? percent-of-receivables method. Requirement 2. Assume North comma Inc. had an unadjusted $ 1, 900 debit balance in Allowance for Bad Debts at December ?31, 2025. Journalize North comma Inc.?'s December ?31, 2025?, adjustment to record bad debts expense using the? percent-of-receivables method.
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