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Sheridan Ltd. manofactures ieveral ditierent brands of vacuumcleaners, from tand-held models to touilt-in centrat vacusims. is seils its recorded sales of 41,560.000 Sheridan has determined

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Sheridan Ltd. manofactures ieveral ditierent brands of vacuumcleaners, from tand-held models to touilt-in centrat vacusims. is seils its recorded sales of 41,560.000 Sheridan has determined thy the length of time a receivable h out The Allowance for Expected Credit Losses had a credit balance of 516,600 before the year-end adjustment was made. (a) Prepare the adjusting entry to bring Allowance for Expected Credit tosses to the desired kevel. (Credit account tittes are automatically indented when amount is entered. Do pot indent manuidly. If ne entry is required, select "No Entry" for the. account fities and enter 0 for the amounts, tist all debit entries before credit entries)

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