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Assume that Brown Furniture in 2017 has $200,000 accounts receivables remains uncollected at December 31. The credit manager estimates that 5% of these A/R will
Assume that Brown Furniture in 2017 has $200,000 accounts receivables remains uncollected at December 31. The credit manager estimates that 5% of these A/R will be uncollectible. The allowance account had a balance of 1,000 credit balance before adjusting. What is the adjusting entry to record the estimated uncollectibles? 1 in FE T:- BI D = = g 207
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