An analysis of the accounts receivable of Johnson Company
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An analysis of the accounts receivable of Johnson Company as of December 31, 20--, reveals the following: REQUIRED1. P
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An analysis of the accounts receivable of Johnson Company as of December 31, 20--, reveals the following:
REQUIRED 1. Prepare an aging schedule as of December 31, 20--, by adding the following column to the three columns shown above: Estimated Amount Uncollectible. 2. Assuming that Allowance for Bad Debts had a credit balance of $620 before adjustment, record the end-of-period adjusting entry in general journal form to enter the estimate for uncollectibleaccounts.
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