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A trial balance before adjustments included the following: (a) Prepare an adjusting entry assuming that the estimate of uncollectible accounts is determined by taking 5%
A trial balance before adjustments included the following: (a) Prepare an adjusting entry assuming that the estimate of uncollectible accounts is determined by taking 5% of gross accounts receivable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)
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