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The General Ledger of Grangehill Corporation at December 31, 2018

Question 17

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The general ledger of Grangehill Corporation at December 31, 2018 shows the following balances, all of which are normal: The general ledger of Grangehill Corporation at December 31, 2018 shows the following balances, all of which are normal: Management estimates the carrying amount of accounts receivable should be $158,000.Instructions a. Prepare the adjusting entry for bad debts for 2018. b. Show how the current assets would be presented on the statement of financial position at December 31, 2018. Management estimates the carrying amount of accounts receivable should be $158,000.Instructions
a. Prepare the adjusting entry for bad debts for 2018.
b. Show how the current assets would be presented on the statement of financial position at December 31, 2018.

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(a) Bad Debts Expense 14,000 A...

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