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The ledger of Marigold Company at the end of the current year shows Accounts Receivable $ 130,000, Credit Sales $ 849.000, and Sales Returns and

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The ledger of Marigold Company at the end of the current year shows Accounts Receivable $ 130,000, Credit Sales $ 849.000, and Sales Returns and Allowances $ 27,000 Journalize the following independent situations Attempts: 1 of 5 used (c) a If Allowance for Doubtful Accounts has a debit balance of $ 230 in the trial balance, journalize the adjusting entryat December 31, assuming uncollectibles are expected to be 7% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media List of Accounts Save for Later Attempts:0 of 5 used Subenit

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