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What the necessary Bad Debts adjusting entry on December

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Question - Green Company's preliminary account balances at December 31, 2020 for Accounts Receivable and the related Allowance for Doubtful Accounts are $460,000 debit and $1,700 debit, respectively. Using the aging of accounts receivable method, it is estimated that $17,000 of the December 31, 2020 receivables will be uncollectible. What the necessary Bad Debts adjusting entry on December 31, 2020 would include a credit to the allowance account?

Reference no: EM133080698

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