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The ledger of Elburn Company at the end of the current year shows Accounts Receivable $136,300, Sales Revenue $847,100, and Sales Returns and Allowances $34,800.
The ledger of Elburn Company at the end of the current year shows Accounts Receivable $136,300, Sales Revenue $847,100, and Sales Returns and Allowances $34,800.
a) | If Elburn uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Elburn determines that T. Thum |
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