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Write the adjusting journal entry at year-end

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Question - Allowance for Doubtful Accounts has a credit balance of $12,500 at the end of the year, before adjustments. Sales for the year amounted to $1,200,000, and sales returns and allowances amounted to $25,000. The uncollectible accounts expense is based on the analysis of receivables that indicates doubtful accounts of $45,300, write the adjusting journal entry at year-end.

Reference no: EM132979452

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