ANSWERS TO QUESTIONS
If the student did not make the entry to record the $4,200 write-off earlier, the following would change in the problem. After the adjusting entry for $7,374.64, an entry would have to be made to write off the $4,200. Balance ($8,750 + $18,620 – $2,740) $24,630.00 Corrected balance (see below) 17,255.36 Adjustment $ 7,374.64 ................
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