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Unformatted text preview: doubtful accounts through an adjusting entry at the end of each period. 4. The decrease in cash realizable value occurs when estimated uncollectibles are recognized in an adjusting entry, and Lauren should acknowledge this. The write off of the uncollectible account reduces both accounts receivable and the allowance for doubtful accounts by the same amount. This results in the cash realizable value not changing....
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This note was uploaded on 04/29/2008 for the course AC 11 taught by Professor Kravet during the Fall '07 term at Fairfield.
- Fall '07
- Financial Accounting