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QUESTION
Assume that Business Solutions’s Accounts Receivable balance at June 30, 2018, is $20,250 and that one account of $100 has been written off against the Allowance for Doubtful Accounts since March 31
Assume that Business Solutions’s Accounts Receivable balance at June 30, 2018, is $20,250 and that one account of $100 has been written off against the Allowance for Doubtful Accounts since March 31, 2018. If S. Rey uses the method prescribed in part 1b, what adjusting journal entry must be made to recognize bad debts expense on June 30, 2018?
