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At December 31, 2011, Klimek Company reports the following results for the year.

At December 31, 2011, Klimek Company reports the following results for the year.Cash Sales..................$1,015,000Credit Sales..................1,241,000In addition, its unadjusted trial balance includes the following items.Accounts Receivable..........................$475,000 debit5,200 creditRequired 1. Prepare the adjusting entry for Klimek Co. to recognize bad debts under…

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