Performance Bike Co. has determined that the proper balance for the : at December 31...
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Performance Bike Co. has determined that the proper balance for the : at December 31 is \\( \\$ 80,574 \\). Assume that the allowance for doubtful accounts for Performance Bike Co. had a debit balance of \\( \\$ 7,880 \\) as of December 31 . Required: Journalize the adjusting entry for uncollectible accounts as of December 31. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered
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Performance Bike Co. has determined that the proper balance for the : at December 31 is \\( \\$ 80,574 \\). Assume that the allowance for doubtful accounts for Performance Bike Co. had a debit balance of \\( \\$ 7,880 \\) as of December 31 . Required: Journalize the adjusting entry for uncollectible accounts as of December 31. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered 