After aging the accounts receivable, it is estimated that $2450 will not be collected, and the Allowance account has an existing debit balance of $300. If Accounts receivable is $107,000, the net receivables would be:
D $104, 250
After aging the receivables, TIm's Toys estimates that $900 will not be collected and the allowance account has a debit balance of $325. The adjusting entry would be for
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