(Answered) Question - the lnmop company has an accounts receivable

Accounting

Question - The LNMOP company has an Accounts Receivable balance of $200,000. The Allowance for Doubtful Accounts has a balance of $2000.

Given the following aging schedule - journalize the adjusting entry for doubtful accounts.

1-30 31-60 61-90 over 90

135,000 50,000 10,000 5,000

1% 4% 10% 50%

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