A company has $275,000 in credit sales. The company uses the allowance method to account...
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Accounting
A company has $275,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. the allowance for doubtful accounts now has a $7,300 credit balance. If the company estimates 5% of credit sales will be uncollectible, what will be the amount of the journal entry to record estimated uncollectible accounts?
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