yellowalternate75 yellowalternate75

16-04-2024
Mathematics

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On December 31, 2022, when its Allowance for Doubtful Accounts had a credit balance of $1,200, Charlie Co. estimates that 8% of its accounts receivable balance of $185,000 will become uncollectible and records the necessary adjustment to Allowance for Doubtful Accounts. Prepare the journal entries for December 31, 2022.

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