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The following information is extracted from Shelton Corporation's accounting records on January 1: accounts receivable balance. Required: 1. Prepare the journal entry necessary to record

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The following information is extracted from Shelton Corporation's accounting records on January 1: accounts receivable balance. Required: 1. Prepare the journal entry necessary to record Shelton's estimate of bad debt expense on December 31. 2. Prepare the Accounts Receivable section of Shelton's December 31, balance sheet. 3. Compute Shelton's receivables turnover

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