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Prepare the adjusting entry for uncollectible accounts

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Reference no: EM132741534

At the end of the current year, Accounts Receivable has a balance of $700,000; Allowance for Uncollectible Accounts has a credit balance of $5,500; and net sales for the year total $2,500,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $25,000.

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Problem 1: Prepare the adjusting entry for uncollectible accounts

Reference no: EM132741534

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