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URGENT PLEASE A company has the following unadjusted account balance at December 31 of the current year: Allowance for Doubtful Accounts of $1,600 (credit balance).
URGENT PLEASE
A company has the following unadjusted account balance at December 31 of the current year: Allowance for Doubtful Accounts of $1,600 (credit balance). This company uses the aging of accounts receivable to estimate its bad debts. The following aging schedule reflects its accounts receivable at the current year end: 1. Calculate the amount of Allowance for Doubtful Accounts that should appear on the December 31 , of the current year, balance sheet. Show your work here. 2. Prepare the adjusting journal entry to record the bad debts expense for the current year into the general journal. When finished upload your general journal to this
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