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Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions(omit explanations) and post to the two accounts.Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries.)Sales on account, $430000. Ignore Cost of Goods Sold.
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Revenue, Double entry bookkeeping system, Oliver Welch, Open T accounts