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Prepare the adjusting journal entry that Extra Company make

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Question - Each December 31, Extra Company ages its accounts receivable to determine the amount of its adjustment for bad debts. At the end of this year, management estimated that $56,900 of the accounts receivable balance would be uncollectible. The Allowance for Doubtful Accounts account had a credit balance of$3,200. Prepare the adjusting journal entry that Extra Company should make on December 31 of the current year, to estimate bad debts expense.

Reference no: EM132521057

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