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A company reports the following amounts at the end of the year (before any year - end adjustment). Record the adjustment for uncollectible accounts (1)
A company reports the following amounts at the end of the year (before any year - end adjustment). Record the adjustment for uncollectible accounts (1) using the percentage - of - receivables method, assuming the company estimates 10% of receivables will not be collected, and (2) using the percentage -of - credit - sales method, assuming the company estimates 2% of credit sales will not be collected
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