On December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of...
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Accounting
On December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of $1,295, Sweet Acacia industries estimates that 7% of its accounts recelvable balance of $77,600 will become uncollectible and records the necessary adjustment to Allowance for Doubtful Accounts, On May 11, 2022, Sweet Acacla Industrles determined that B. Jared's account was uncollectible and wrote off $1,286, On June 12, 2022, Jared paid the amount previously written off
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