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December 31,2019, Aloely Fitnes Centre has adjusted balances or 80.0 in Ahos Receivable and $55,000...

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Accounting

December 31,2019, Aloely Fitnes Centre has adjusted balances or 80.0 in Ahos Receivable and $55,000 in toware efor Doubtful Accounts. On January 2,2020, the company cumsaccounts totalling $5,000.that certain customer accounts are not collectable, so management authorizes a writerny learsL08-2a. Show how the company would have reported is receivable accounts on December 31,2019. As of that date, what amount did Donnelly expect to collect?b. Prepare the journal entry to write off the accounts on January 2,2020.c. Assuming no other transactions occurred between December 31,2019, and January 3,2020, show how Donnelly would have reported its receivable accounts on January 3,2020. As of that date, what amount did Donnelly expect to collect? Has this changed from December 31,2019? Explain why or why not.

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