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On March 1, 2012 Management of Taint Incorporated approved the write-off of all outstanding customer...

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Accounting

On March 1, 2012 Management of Taint Incorporated approved the write-off of all outstanding customer account greater than 365 days old. The total balance written-off on March 1st was $236,350. Prepare the necessary journal entry(s) to account for the transaction.

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