Using data in Exercise 9-8, assume that the allowance for doubtful accounts for Summit Industries has a

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Using data in Exercise 9-8, assume that the allowance for doubtful accounts for Summit Industries has a credit balance of $16,175 before adjustment on November 30. Journalize the adjusting entry for uncollectible accounts as of November 30.


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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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