At the end of the year, a company has a balance in Allowance for Uncollectible...
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Accounting
At the end of the year, a company has a balance in Allowance for Uncollectible Accounts of $credit before any yearend adjustment. The balance of Accounts Receivable is $ The company estimates that of accounts receivable will not be collected over the next year.
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Record the adjusting entry for uncollectible accounts. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
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