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Business, 24.04.2020 17:08 yaretxi

Credit sales for the year were $40,000. Ending accounts receivable is $3,000. The Allowance for Doubtful Accounts has a credit balance of $300. The accountant aged the accounts receivable and determined that $620 would be uncollectible. 1. Determine the uncollectible accounts expense and prepare the adjusting entry to record this expense.

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Credit sales for the year were $40,000. Ending accounts receivable is $3,000. The Allowance for Doub...
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