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  3. 3) on september 30, waldon co. has $54,250 of acco

3) On September 30, Waldon Co. has $54,250 of accounts receivable. Waldon uses the allowance...

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Accounting

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3) On September 30, Waldon Co. has $54,250 of accounts receivable. Waldon uses the allowance method of accounting for bad debts and has an existing credit balance in the allowance for doubtful accounts of $1375. 1. Prepare journal entries to record the following selected October transactions. The company uses the perpetual inventory system. 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its October 31 balance sheet

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