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The ledger of Montgomery Company at the end of the current year shows Accounts Receivable $78,000; Credit Sales $996,000; and Sales Returns and Allowances $58,100.

The ledger of Montgomery Company at the end of the current year shows Accounts Receivable $78,000; Credit Sales $996,000; and Sales Returns and Allowances $58,100. (a) If Montgomery uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Montgomery determines that Baruth

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