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42. At the end of the first year of operations, Darth Maul Manufacturing had gross accounts receivable of $493,000. Darth Maul's management estimates that 6%

42.

At the end of the first year of operations, Darth Maul Manufacturing had gross accounts receivable of $493,000. Darth Maul's management estimates that 6% of the accounts will prove uncollectible. What journal entry should Darth Maul Manufacturing record to establish an allowance for uncollectible accounts?

If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

Record an allowance for uncollectible accounts.

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