At the end of October, Soo Company's management estimates the uncollectible accounts expense to be 1 percent

Question:

At the end of October, Soo Company's management estimates the uncollectible accounts expense to be 1 percent of net sales of $2,770,000. Give the entry to record the uncollectible accounts expense, assuming that the Allowance for Uncollectible Accounts has a debit balance of $14,000. SE-6

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