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wew Policies Current Attempt in Progress Assume that Stellar Company has recently fallen into financial difficulties. By reviewing all available evidence on December 31, 2020,

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wew Policies Current Attempt in Progress Assume that Stellar Company has recently fallen into financial difficulties. By reviewing all available evidence on December 31, 2020, one of Stellar's creditors, the National American Bank, determined that Stellar would pay back only 65% of the principal at maturity. As a result, the bank decided that the loan was impaired. The loss is estimated to be $253,200. What entry should National American Bank make to record this loss? If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Date Dec. 31, 2020 e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later

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