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On December 31, 2016, when its Allowance for Doubtful Accounts had a debit balance of $1,432, Sunland Company estimates that 9% of its accounts receivable balance of $105,900 will become uncollectible and records the necessary adjustment to Allowance for Doubtful Accounts. On May 11, 2017, Sunland Company determined that B. Jared’s account was uncollectible and wrote off $1,091. On June 12, 2017, Jared paid the amount previously written off. Required:Prepare the journal entries on December 31, 2016, May 11, 2017, and June 12, 2017.
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On December 31, 2016, when its Allowance for Doubtful Accounts had a debit balance of $1,432, Sunlan...
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