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At December 31, 2019, Gerald Company had accounts receivable of $1,500,000 and an allowance for...

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Accounting

At December 31, 2019, Gerald Company had accounts receivable of $1,500,000 and an allowance for doubtful accounts of $8,250. On January 1, 2020, Gerald Company wrote off a $1,500 bad debt against the allowance for doubtful accounts. There were no other accounts receivable transactions on

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