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It recorded the $8.5 million of assessments receivable, estimating that $200,000

Accounting
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It recorded the $8.5 million of assessments receivable, estimating that $200,000 would be uncollectible  Prepare appropriate journal entry

Nov 8th, 2014

Bad debit Expense Debit $200,000

Allowance for bad debit credit $200,000

(estimating that $200,000 would be uncollectible)

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Nov 8th, 2014

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