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  3. the company has an unadjusted debit balance in acc

The company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted...

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Accounting

The company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted credit balance of $10 in Allowance for Sales Discounts as of December 31. Of the $25,000 of receivables, $10,000 are within a 2% discount period that the company expects the buyers to take.

Complete the necessary adjusting entry by selecting the account names from the drop-down menus and the amounts in the Debit and Credit columns.

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