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2. A company has $321,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now

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2. A company has $321,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now has an $8,150 debit balance. If the company estimates 5% of credit sales will be uncollectible, please prepare the journal entry to record estimated uncollectible accounts (3 points)

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