At the beginning of the year, manufacturing overhead for the year was estimated to be $745,500. At the end of the year, actual direct labor-hours for the year were 36,240 hours, the actual manufacturing overhead for the year was $730,000, and
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On December 31, 2019 before adjusting entries, Accounts Receivable for California Company had a debit balance of $200,000, and the Allowance for Doubtful Accounts had a credit balance of $6,000. Credit sales for the year were $1,600,000.
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What is the proper adjusting entry at december 31, the end of the accounting period, if the balance in the prepaid insurance account is $7,750 before adjustment, and the unexpired amount per analysis of policies is, $3,250? a.
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