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ABC Company uses the allowance method for estimating bad debts. Record the following journal entries: 1 2 / 3 1 ABC Company estimates that $

ABC Company uses the allowance method for estimating bad debts. Record the following journal entries:

12 / 31

ABC Company estimates that $

5, 000

of accounts receivable will be uncollectible.

3 / 5

ABC Company wrote off a $

1, 200

account of a customer, B

.

Brown.

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