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Prepare the adjusting journal entry to record credit losses at June 30 assuming that Pukalani's...

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Question

Accounting

Prepare the adjusting journal entry to record credit losses at June 30 assuming that Pukalani's allowance for expected credit
losses had a credit balance of $12340 before adjustment. (List debit entry before credit entry. Credit account titles are automatically
indented when the amount is 15 entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for
E
the amounts.)
Date
Account Titles and Explanation
Debit
Credit
June 30

Answer & Explanation Solved by verified expert
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