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Business, 15.04.2020 21:01 vrentadrienneoqug1a

During 2021, its first year of operations, a company provides services on account of $257,000. By the end of 2021, cash collections on these accounts total $131,000. The company estimates that 12% of accounts receivable will be uncollectible. Record the adjustment for uncollectible accounts on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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During 2021, its first year of operations, a company provides services on account of $257,000. By th...
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