during 2012 ce electronics entered into the follow/

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On its 2011 balance sheet, CE reported gross accounts receivable of $707,000 and an allowance account of $43,000.
Prepare all journal entries to record each of the transactions that occurred in 2012 and the journal entry to record bad debt expense at the end of 2012, assuming that 7% of accounts receivable at the end of 2012 are uncollectible.


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