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Record the adjustment for uncollectible accounts

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Question - At the end of the year, a company has a balance in Allowance for Uncollectible Accounts of $2,200 (debit) before any year-end adjustment. The balance of Accounts Receivable is $177,000. The company estimates that 7% of accounts receivable will not be collected over the next year. Record the adjustment for uncollectible accounts.

Reference no: EM133057674

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