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Prepare the journal entry vector

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Vector Scientific Corp. provided $780,000 of services on account in 2017. Accounts receivable balance at year end was $90,000. Pre-adjusted allowance for bad debts at year end was $4,000. Prepare the journal entry Vector should make to recognize bad debts for the year December 31, 2017 if the Company estimates that 5% of accounts receivable will be uncollectible.

Reference no: EM132044086

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