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At the end of the first year of operations, Gaur Manufacturing had gross accounts receivable...

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Accounting

At the end of the first year of operations, Gaur Manufacturing had gross accounts receivable of $281,000. Gaur's management estimates that 5% of the accounts will prove uncollectible. What journal entry should Gaur record to establish an allowance for uncollectible accounts?

Record an allowance for uncollectible accounts.

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