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Thursday, February 3, 2011

P8-3 Allowance for Doubtful Accounts - Avillion Corporation

Solution is available here for U$1.00

Avillion Corporation had a $45,000 debit balance in accounts receivable and a $3,500 credit balance in allowance for uncollectibles on December 31, 2005. The company prepared the following aging schedule to record the adjusting entry for bad debts on December 31, 2005.
The rest of the exercise is in the uploaded pdf file

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