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Business, 23.11.2019 09:31 azzyla2003

The company’s controller prepared the following aging summary of year-end accounts receivable: summary age group amount percent uncollectible 0–60 days $ 465,000 5 % 61–90 days 80,000 10 91–120 days 68,000 27 over 120 days 78,000 35 total $ 691,000 required: 1. prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. 2. prepare the necessary year-end adjusting entry for bad debt expense. 3-a. what is total bad debt expense for 2018? 3-b. how would accounts receivable appear in the 2018 balance sheet?

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