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Shamma Company's ledger at the end of the current year shows Accounts Receivable of $120,000. If Allowance for Doubtful Accounts has a credit balance of
Shamma Company's ledger at the end of the current year shows Accounts Receivable of $120,000. If Allowance for Doubtful Accounts has a credit balance of $6,000 in the trial balance and bad debts are expected to be 8% of accounts receivable, journalize the adjusting entry for the end of the period: TT T Arial 3 (12pt)
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