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The Summer Company ages its accounts receivable and determined the allowance account should have a balance of $8,300.00.Prepare the necessary adjusting entry assuming: a.The allowance

The Summer Company ages its accounts receivable and determined the allowance account should have a balance of $8,300.00.Prepare the necessary adjusting entry assuming:

a.The allowance account has a credit balance of $275.00 before adjustments

b.The allowance account has a debit balance of $275.00 before adjustments

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