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  • Jul 18, 2011, 04:34 PM
    jlmmomaw
    Type of transactions
    Looking for assistance AE, AU, AS or claims exchange

    I adjusted accounts to recognize bad debts expense and I estimates that bad debts expense will be 1 percent of sales account. Is this an assest exchange?

    Determined that $1,120 of accounts receivable were uncollectible and wrote off. Is this an asset use?

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