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QUESTION

Empire Bridal Boutique has a credit balance of $620 in its allowance for bad debts account as of December 31,20--.

40%

Required:

  1. Prepare an aging schedule as of December 31, 20--
  2. Prepare the adjusting entry to record the Bad Debt Expense at the end of the year
  3. Determine the net accounts receivables at December 31,20
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