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What journal entry gaur record to establish an allowance

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Reference no: EM133131354

Question - At the end of the first year of operations, Gaur Manufacturing had gross accounts receivable of $487,000. Gaur's management estimates that 6% of the accounts will prove uncollectible. What journal entry should Gaur record to establish an allowance for uncollectible accounts?

Reference no: EM133131354

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