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What is journal entry to record uncollectible accounts

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Question - 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 is the required journal entry to record estimated uncollectible accounts?

Reference no: EM132032806

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