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this is not mulitple choice . 12. (5 Points) The Grey company's Allowance for Bad Debt Accounts has a beginning balance on Jan 1 of
this is not mulitple choice .
12. (5 Points) The Grey company's Allowance for Bad Debt Accounts has a beginning balance on Jan 1 of 4,000. During the year one of its customer, Excelsior company went out of business and Grey wrote off a bad debt amounting to 5,000. Management studied it accounts receivables and the EOE determined that 7,500 may not be collected via an Aging Study. Record the adjusting entry necessary at the end of the year or Dec 31 Step by Step Solution
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