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Unformatted text preview: income statement, assuming that the balance of the Allowance for Doubtful Accounts on January 1 of the current year was $44,000 and that accounts receivable written off during the current year totaled $49,200. c. Prepare the adjusting entry to record bad debts expense on December 31 of the current year. d. Show how Accounts Receivable will appear on the current year-end balance sheet as of December 31....
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