If Allowance for Doubtful Accounts has a debit balance of $220 in the trial balance,...
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Accounting
If Allowance for Doubtful Accounts has a debit balance of $220 in the trial balance, journalize the adjusting entry at December 31 . assuming uncollectibles are expected to be 6% of accounts receivable. (Credit account tities are outomaticolly indented when amount. is entered. Do not indent manuaflys] The ledger of Metlock Company at the end of the current year shows Accounts Receivable $141,000, Credit Sales $844,000, and Sales Returns and Allowances $26,000. Journalize the following independent situations
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