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8-12 Valix Sync
8-12 Valix Sync
Cash 225,000
Service Fees 15,000
Notes Payable 240,000
3. Prepare journal entry to adjust the allowance for doubtful accounts on December 31.
Doubtful Accounts 35,000
Allo Doubtful Accounts 35,000
4. Indicate the classification, Presentation and disclosure of the accounts receivable involved in receivable financing