Question: Using the data in Exercise 9-11, assume that the allowance for doubtful accounts for Renegade Co. had a debit balance of $3,500 as of December
Using the data in Exercise 9-11, assume that the allowance for doubtful accounts for Renegade Co. had a debit balance of $3,500 as of December 31, 2008.
Journalize the adjusting entry for uncollectible accounts as of December 31, 2008.
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