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Estimate what the proper balance of the Allowance for Doubtful

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Estimate what the proper balance of the Allowance for Doubtful Accounts should be as of December 31, 2008.;Assume that the allowance for doubtful accounts for Renegade Co. had a debit balance of $3,500 as of December 31, 2008.;Journalize the adjusting entry for uncollectible accounts as of December 31, 2008.

 

Paper#25031 | Written in 18-Jul-2015

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