During the year, Crane Inc, which uses the allowance method, made an entry to write...
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Accounting
During the year, Crane Inc, which uses the allowance method, made an entry to write off a $5040 uncollectible account. Before this entry was posted, the balance in accounts recelvable was $100800 and the balance in the allowance account was $8820. The nes realizable value of accounts receivable after the write-off entry was $100800$97020$91980$95760
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