During its first year of operations, Kingbird, Inc. had credit sales of $3,000,300, of which...
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During its first year of operations, Kingbird, Inc. had credit sales of $3,000,300, of which $401,500 remained uncollected at year- end. The credit manager estimates that $18,830 of these receivables will become uncollectible (a) Prepare the journal entry to record the estimated uncollectibles. Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bad Debt Expense Allowance for Doubtful Accounts Save for Later Last saved 12 hours ago. Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date. Auto submission can take up to 10 minutes
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