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  3. the balance sheet of sandhill company at december

The balance sheet of Sandhill Company at December 31, 2024, includes the following. Transactions in...

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Accounting

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The balance sheet of Sandhill Company at December 31, 2024, includes the following. Transactions in 2025 include the following: 1. Accounts receivable of $206,000 were collected including accounts of $83,000 on which 1% sales discounts were allowed. 2. $7,600 was received in payment of an account which was written off the books as worthless in 2025. 3. Customer accounts of $21,270 were written off during the year. 4. At year-end, Allowance for Doubtful Accounts was estimated to need a balance of $18,760. This estimate is based on an analysis of aged accounts receivable. Prepare all journal entries necessary to reflect the transactions above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)

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