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Use the following information about Feest Inc to answer both questions below: Feest Inc began 2 0 1 6 with an Allowance for Doubtful Accounts
Use the following information about Feest Inc to answer both questions below:
Feest Inc began with an Allowance for Doubtful Accounts of $credit balance During the company had writeoffs of $
What journal entry would Feest Inc record for the writeoffs during the year? You may assume they all occurred in a single entry.
Account
Debit
Credit
Feest Inc uses the aging of accounts receivable method to estimate the uncollectibility of accounts receivable. The following table presents Feest Inc's estimates of uncollectible accounts as of :
Age:
not yet due
ar amount:
uncollectable:
age:
to days past due
ar amount:
uncollectable:
age:
days past due
ar amount:
uncollectable:
total ar amount:
what adjusting entry will the company record on related to its estimated uncollectable accounts?
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