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If Allowance for Doubtful Accounts has a credit balance of $4,200 in the trial balance...

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Accounting

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If Allowance for Doubtful Accounts has a credit balance of $4,200 in the trial balance and bad debts are expected to be 9% of accounts receivable, joumalize the adjusting entry for the end of the period. (Credit occount titles are dutomatically indented when the amount is entered. Do not indent manually.) The ledger of the Vaughn Manufacturing at the end of the current year shows Accounts Receivable of $227,000. (a) If Allowance for Doubtful Accounts has a credit balance of $4,200 in the trial balance and bad debts are expected to be 9% of accounts receivable, joumalize the adjusting entry for the end of the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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