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| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Great Hospital has $100,000 of accounts receivable at December 31, 20X1. It is estimated that 9 percent of these accounts will eventually prove to be bad debts and, therefore, uncollectible. During 20X2, $8,300 of the 20X1 accounts receivable are written off as bad debts. Required: Make general journal entries to record (1) the estimated bad debts at December 31, 20X1, and (2) the write-off of bad accounts during 20X2.
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