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References Mailings Review Vievw Aa " AaBbCcDdEe AaBbCcDdEe AaBbCcD No Spacing Heading 1 Blocker Company...

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Accounting

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References Mailings Review Vievw Aa " AaBbCcDdEe AaBbCcDdEe AaBbCcD No Spacing Heading 1 Blocker Company estimates its uncollectible accounts based on an analysis of receivables. On December 31, a junior accountads prepared the following aging schedule for the company's $88,000 in outstanding receivables. Estimated Not due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due $58,650 13,220 8,930 4,000 4% 20% 30% 50% $88,000 The allowance for Doubtful Accounts currently has a $210 debit balance. 1. Prepare the adjusting entry to record the company's estimate of uncollectible accounts Date Accounts DR CR 12/31 2. Prepare the journal entry to write off the following accounts: T. Donaldson.700 450 1,000 D. Mize.. Date Accounts DR CR 3. Date Prepare the journal entry to record receipt of the $450 owed by J. Kyle Accounts DR CR 4. Write an answer to the following question: What circumstances would cause the Allowance for doubtful Accounts to have a debit balance prior to adjustment? tates) Focus

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