Aberdeen Co. started applying the percentage of sales method to account for bad debts in 2012. In
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Required:
a. Determine the correct balance in the allowance for doubtful accounts (ADA) at the end of 2012. Remember to include the effect of the change in accounting policy on 2011 accounts.
b. Record the write-off entry for 2012 and the year-end adjusting journal entry' for 2012 to adjust the ADA.
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