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Requirements 1. The Taccounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you. Record the transactions in the general journal.
Requirements 1. The Taccounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you. Record the transactions in the general journal. Post to the two Taccounts and keep running balances, assuming all accounts begin with a zero balance. (Record debits first, then credits. Explanations will appear on the last line of the journal entry Abbreviations used: Adj. Adjusting entry, Clos. osing entry, WIO Write-off) 2. Assume the December 31. 2014, balance of Accounts Receivable is $133.000. Show how net accounts receivable would be reported on the balance sheet at that date
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