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A company has the following balances on December 31,2024, before any adjustment: Account Accounts...

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Accounting

A company has the following balances on December 31,2024, before any adjustment:
Account
Accounts Receivable
Allowance for Uncollectible Accounts
Balance
73,000
5,110 Credit
On December 31,2024, the company estimates the uncollectible accounts to be 15% of accounts receivable.
Prepare the adjusting entry to record the company's estimate of uncollectible accounts.
Indicate the amount at which the bad debt expense and the allowance for uncollectibed is reported and which financial will they appear on:
\table[[Account,Finouncial Statement],[Bad Debt Expense,],[Allowance for Uncollectible,],[Accounts,]]
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