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A Company uses the Allowance Method for Uncollectible Accounts. At the end of its first year of operations, December 31, 2019, it believes it should

A Company uses the Allowance Method for Uncollectible Accounts. At the end of its first year of operations, December 31, 2019, it believes it should have an Allowance of $64,500. This is the first time it has ever addressed this issue. Write out the adjusting journal entry to record this allowance.

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