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The balances of Accounts Receivable and Allowance for Doubtful Accounts were $1,285,000 and $15,000, respectively, on Jun Ltd's unadjusted trial balance of 31 May 2020.
The balances of Accounts Receivable and Allowance for Doubtful Accounts were $1,285,000 and $15,000, respectively, on Jun Ltd's unadjusted trial balance of 31 May 2020. (Note that the balance for the Allowance account was "normal".) On that date, the estimated recoverable amount of accounts receivable was estimated at $1,250,000. Prepare the necessary adjusting journal entry. Show all your workings. Copy and paste this table as a template to use to prepare your journal entry. You may add additional lines if you need to. Workings can be done outside of the template. Account names Dr Cr
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