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View Policies Current Attempt in Progress Lily Company has a credit balance of $ 2 , 4 0 0 in Allowance for Doubtful Accounts before

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Current Attempt in Progress
Lily Company has a credit balance of $2,400 in Allowance for Doubtful Accounts before adjustment. The estimated uncollectibles under the percentage-of-receivables basis is $6,400. Prepare the adjusting entry. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation
Debit
Credit
eTextbook and Media
List of Accounts
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