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Business, 23.03.2020 20:03 Mochalav6675
During its first year of operations, Gehrig Company had credit sales of $3,000,000, of which $400,000 remained uncollected at year-end. The credit manager estimates that $18,000 of these receivables will become uncollectible.
Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.)
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During its first year of operations, Gehrig Company had credit sales of $3,000,000, of which $400,00...
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