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Journal Entries for Credit Losses At January 1, the Griffin Company had the following accounts...

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Accounting

Journal Entries for Credit Losses At January 1, the Griffin Company had the following accounts on its books:
\table[[Accounts Receivable,$127,000,Debit],[Allowance for Doubtful Accounts,$7,800,Credit],[During the year, credit sales were:,$821,000,],[and collections on account were:,$795,000,]]
The following transactions, among others, occurred during the year:
\table[[Jan.11,Wrote offJ. Wolf's account,,$2,900
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