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Journalize the adjusting entry for the end of the period

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Reference no: EM132701958

Question - Underwood Company's ledger at the end of the current year shows Accounts Receivable of $150,000. If Allowance for Doubtful Accounts has a credit balance of $4,500 in the trial balance and bad debts are expected to be 8% of accounts receivable, journalize the adjusting entry for the end of the period.

Reference no: EM132701958

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