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Anderson Co. is recording the journal entry for an NSF check identified during the bank reconciliation process. The journal entry will include which of the

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Anderson Co. is recording the journal entry for an NSF check identified during the bank reconciliation process. The journal entry will include which of the following? O Debit uncollectible account expense O Debit note receivable O Debit cash Debit accounts receivable Morris Co. uses the percentage-of-sales method to estimate uncollectible account expense. Based on the information below, the amount of the adjusting entry to record uncollectible account expense is: $115,000 1.2% Total Credit Sales: Estimated Uncollectible Percentage: Unadjusted balance in the allowance for uncollectible accounts: $800 credit 2,180 800 1,380 580 What type of account is Cost of Goods Sold? A revenue on the income statement O An expense on the income statement An asset on the balance sheet O A contra-asset account on the balance sheet

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