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Requirement b. Post all three transactions to the T-account for Allowance for Doubtful Accounts. Allowance for Doubtful Accounts 2020 Write-offs Dec. 31, 2019, Bal.
Requirement b. Post all three transactions to the T-account for Allowance for Doubtful Accounts. Allowance for Doubtful Accounts 2020 Write-offs Dec. 31, 2019, Bal. 175,000 2020 Expense Bal. before Adj. Dec. 31, 2020, Adj. Dec. 31, 2020, Bal. 192,000 Requirement c. Report Acadia Building Supplies's receivables and related allowance on the December 31, 2020, balance sheet. Accounts Receivable at that date totals $4,155,000. Requirement d. What is the expected net realizable value of receivables at December 31, 2020? How much is bad debt expense for 2020? 1
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