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A company uses the allowance method to account for uncollectible accounts receivable. At year end, the balance in accounts receivable is $580,000 and the balance
A company uses the allowance method to account for uncollectible accounts receivable. At year end, the balance in accounts receivable is $580,000 and the balance in the allowance for doubtful accounts is a debit balance of $400. An aging analysis of accounts receivable estimates uncollectible accounts to be $8,100. The adjustment to record uncollectible accounts expense will include a:
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