Create necessary journal entrys to account for transaction

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Reference no: EM131911281

Problem

On March 1, 2012 Management of Taint Incorporated approved the write-off of all outstanding customer account greater than 365 days old. The total balance written-off on March 1st was $236,350. Prepare the necessary journal entry(s) to account for the transaction.

Reference no: EM131911281

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