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Surfdom had the following balances at December 31, 2020, before the year-end adjustments: (Click the icon to view the balances and aging of accounts
Surfdom had the following balances at December 31, 2020, before the year-end adjustments: (Click the icon to view the balances and aging of accounts receivable schedule.) 1. Journalize Surfdom's entry to record bad-debt expense for 2020 using the aging-of-receivables method. 2. Prepare the T-account to compute the ending balance of Allowance for Doubtful Accounts Balances and aging Accounts Receivable 164,000 - X (Record debits first, then crec Allowance for Doubtful Accounts 5,000 The aging of accounts receivable yields these data: Age of Accounts Receivable 0-60 Days Accounts receivable $157,000 Over 60 Days $7,000 Total Receivables not used in the T-account, leave $164,000 Estimated percent uncollectible X6% X 26% javascript doExercise(5) Print Dona Type here to search hp 3 E 07 4 5 40 6 C 144 & 7 8 9 3 V/4
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