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A trial balance before adjustment included the following: Debit Credit Accounts receivable 90,000 Allowance...

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Accounting

A trial balance before adjustment included the following:

Debit Credit

Accounts receivable 90,000

Allowance for doubtful accounts 730

Sales 360,000

Sales returns and allowances 8,000

Give the journal entry assuming that the estimate of uncollectibles is determined by taking 5% of gross accounts receivable

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