Vaughn Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2090000 and $55000 (Cr.), respectively. An aging of accounts receivable indicated that $190000 are expected to become uncollectible. The amount of the adjusting entry for bad debts at December 31 is $245000. $135000. $209000. $190000.
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Vaughn Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful...
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