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(Solved by Expert Tutors) 8.?(TCO B) Allowance for doubtful accounts on 1/1/1X wa


8.?(TCO B) Allowance for doubtful accounts on 1/1/1X was $50,000. The balance in the allowance

account on 12/31/1X after making the annual adjusting entry was $65,000, and during 201X, bad debts written off amounted to $40,000. You are to provide the missing adjusting entry. Please indicate DR (debit) or CR (credit) to the left of the account title, and place a comma between the account title and the amount of the adjustment.?(Points : 10)

 


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Apr 19, 2020

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