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Question :
On 1st January, 2013, the balance in Kubera Co's Allowance for Bad Debts account was 1,300. Through the year, a total of $3615 of delinquent accounts receivable was written off as bad debts. The balance in the Allowance for Bad Debts account at 31st December, 2013 was 1,420.
Required:
A. what was the net amount of bad debts expense recognized through the year?
B. As a result of a comprehensive analysis, it is evaluated that the December 31, 2013, balance of Allowances for Bad Debts should be 4,330. Show the adjustment required in journal entry format
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