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    Survey of Accounting Study Set 5
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    Exam 5: Accounting for Receivables and Inventory Cost Flow
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    On December 31,2012,Stuart Co
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On December 31,2012,Stuart Co

Question 43

Question 43

Essay

On December 31,2012,Stuart Co.estimated it had $8,000 of uncollectible accounts related to credit sales it made during the year.Stuart,which uses the allowance method,made the proper adjusting entry on this date.Indicate the effects of the adjusting entry.

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