Bonita Industries's account balances at December 31, 2017 for Accounts Receivable and the related Allowance for Doubtful Accounts are $917000 debit and $2080 credit, respectively. From an aging of accounts receivable, it is estimated that $40700 of the December 31 receivables will be uncollectible. The necessary adjusting entry would include a credit to the allowance account for:
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Bonita Industries's account balances at December 31, 2017 for Accounts Receivable and the related Al...
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