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The company handles credit losses using the allowance method, The crede balance of the Allowance for Doubtful Accounts is.51, 150 on December 31 , before

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The company handles credit losses using the allowance method, The crede balance of the Allowance for Doubtful Accounts is.51, 150 on December 31 , before acty adjustments. a. Prepare the adjusting entry for estimated credit losses on December 31 b. Prepare the journal entry to write off the Lyons Companys account on April 10 of the following year in the amount of $575

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