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Total sales for the year $132,000 Cash sales $89,500 Provide 5%...

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Accounting

Total sales for the year $132,000
Cash sales $89,500
Provide 5% as allowance for bad and doubtful debts
Durig the year $620 that was written-off in the previous year was recovered
During the year, $1,150 was written off as bad debts
Generate all necessary entries. Post the entriesin the account of Allowance for bad &Doubtful
Debts and find the closing balance

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