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Presented The trial balance before adjustment of ABC Company reports the following balances at 12/31/2016,...

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Accounting

Presented The trial balance before adjustment of ABC Company reports the following balances at 12/31/2016, the companys fiscal year end:

Dr. Cr.

Accounts receivable $300,000

Allowance for doubtful accounts $ 5,000

Sales (all on credit) 1,700,000

Sales returns and allowances 80,000

Using T-account:

Record the balances as indicated above. Label these unadjusted balances B for balance.

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