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Take me to the text Sophisticated Catering decides that an allowance for doubtful accounts is required in the amount of $7,700. There is a $5,775

Take me to the text Sophisticated Catering decides that an allowance for doubtful accounts is required in the amount of $7,700. There is a $5,775 credit balance in the account. Prepare the journal entry to set up the required allowance on December 31,2021 using the balance sheet method. Do not enter dollar signs or commas in the input boxes

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