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H3Ko H3Ko
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7 years ago
On January 16, Whole Circle, Inc. sold $5,000 merchandise to Smith, on account. Whole Circle could not collect cash from Smith and wrote off the account. Prepare a journal entry to record the write-off, assuming Whole Circle uses the allowance method.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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