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Q: The ledger of Hixson Company at the end of the current year shows Accounts Receivable $120,000, Sales $840,000, and Sales Returns and Allowances $30,000.If Hixson uses the direct write-off method to
account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Hixson determines that Fell's $1,400 balance is uncollectible.
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Rocker97chick|Points 10|
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Asked 10/19/2012 1:44:50 AM
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