Question: how do we solve this and writing the steps Question 24 A) In 2017, Garrison Company had net credit sales of $2,250,000. On January 1,

how do we solve this and writing the steps

Question 24 A) In 2017, Garrison Company had net credit sales of $2,250,000. On January 1, 2017, Allowance for Doubtful Accounts had a credit balance of $84,000. During 2017, $90,000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivables basis). If the accounts receivable balance at December 31 was $700,000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017

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