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Determine what journal entry is needed to record

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Question 1: Bestway, Inc. had credit sales of $142,000 for the period. The balance in Allowance for Doubtful Accounts is a debit of $643. If Bestway estimates that 2% of credit sales will be uncollectible, what journal entry is needed to record estimated uncollectible accounts?

Reference no: EM132489312

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