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Requirements 1. Assume Clark had an unadjusted $2,800 credit balance in Allowance for Bad Debts at December 31, 2024. Journalize Clark's December 31, 2024, adjustment
Requirements 1. Assume Clark had an unadjusted $2,800 credit balance in Allowance for Bad Debts at December 31, 2024. Journalize Clark's December 31, 2024, adjustment to record bad debts expense using the percent-of-receivables method. 2. Assume Clark had an unadjusted $2,100 debit balance in Allowance for Bad Debts at December 31,2024 . Journalize Clark's December 31,2024 , adjustment to record bad debts expense using the percent-of-receivables method
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