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Thomas is a financial advisor to a committee seeking to revive the value of the national currency, which has grown weak. He has to suggest a point on
which the nation should focus in order to strengthen its currency. Which trade element should Thomas suggest as a focus?
Thomas should suggest that the nation focus on
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9

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.