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Business, 08.04.2020 04:34 iana00000

Using the aging of accounts receivable, Age Old, Inc. estimates that $90000 of its 4000000 of accounts receivable will be uncollectible. Prior to making its adjusting entry, the unadjusted allowance for doutfull accounts has a credit balance of 1000. After the adjustment, Bad Debt Expense on the income statement will be the allowance for doubtful accounts on the balance sheet

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Using the aging of accounts receivable, Age Old, Inc. estimates that $90000 of its 4000000 of accoun...
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