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2. During its first year of operations, Gavin Company had credit sales of $3,000,000. At the end of the year. $600,000 remained uncollected. The manager

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2. During its first year of operations, Gavin Company had credit sales of $3,000,000. At the end of the year. $600,000 remained uncollected. The manager estimated $31,000 of the receivables will become uncollectable. (a) Show the journal entry to record the uncollectible amount. (b) Show the journal entry to perform a write off of the uncollectible amount

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