=+b. Journalize the write-offs for 2010 under the allowance method. Also, journalize the adjusting entry for uncollectible
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=+b. Journalize the write-offs for 2010 under the allowance method. Also, journalize the adjusting entry for uncollectible accounts. The company recorded $2,400,000 of credit sales during 2010. Based on past history and industry averages, 13
⁄4% of credit sales are expected to be uncollectible.
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