Assignment_5_Solution - BRIEFEXERCISE72(a...

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BRIEF EXERCISE 7-2 (a) Segregation of duties. (b) Independent internal verification. (c) Documentation procedures. BRIEF EXERCISE 8-5 (a) Bad Debts Expense ................................................... 8,500 [($500,000 X 2%) – $1,500] Allowance for Doubtful Accounts
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Unformatted text preview: .................. 8,500 (b) Bad Debts Expense. .................................................. 10,600 [($500,000 X 2%) + $600] Allowance for Doubtful Accounts. .................. 10,600...
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  • Spring '08
  • Healey
  • .........

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