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TJ Aircon Services has 85,000 outstanding customer accounts on january 1 2018 and allowance for...

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Accounting

TJ Aircon Services has 85,000 outstanding customer accounts on january 1 2018 and allowance for doubtful accounts of 4,250. During the year, the firm rendered 460,000 worth of services on account. it also collected 345,000 in 2018. TJ estimates loss on accounts at 5% of year end accounts receivable. prepare adjusting entries

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