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Year end balance of allowance for bad debt $ 3 4 4 0 At the time this aging - of - receivables table is being

Year end balance of allowance for bad debt $

3440

At the time this aging

-

-

receivables table is being prepared, Taylor Tools' allowance for bad debt account had a balance of $

2.640 .

Record the journal entry to adjust the company's allowance for bad debt to its target balance.

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