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5. A company called Amazing Stuff, Inc., records $70,000,000 of credit sales to several hundred customers. company projects that 2% of the credit sales will

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5. A company called Amazing Stuff, Inc., records $70,000,000 of credit sales to several hundred customers. company projects that 2% of the credit sales will be uncollectible. The company does not know which custom will default. It records 2% of the sales will be uncollectible on January 1. Which accounts will be debited and credited

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