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Cindy Bagnal, the manager of Cayce Printing Service has provided you with the following aging schedule for Cayce’s accounts receivable Cindy indicates that the $126700 of accounts receivable

Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayce’s accounts receivable:  Cindy indicates that the $126,700 of accounts receivable identified in the table does not include $8,900 of receivables that should be written off. Required: 1. Journalize the $8,900 write-off. 2. Determine the desired postadjustment balance in allowance for doubtful accounts. 3. If the balance in allowance for doubtful accounts before the $8,900 write-off was a debit of $450, compute bad debtexpense.

Apr 01 2020 Read more Less More

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