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ABC Company uses the Percentage of Sales method to record the Allowance for Uncollectible Accounts. The company records this allowance each month. The company estimates

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ABC Company uses the Percentage of Sales method to record the Allowance for Uncollectible Accounts. The company records this allowance each month. The company estimates that 4% of its sales will not be collectible. The following are the sales for the last 3 months of the year. Make the appropriate journal entries to account for this allowance

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