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Assume that December 31 forecast shows the estimate uncollectible accounts to be $27,860 and that the allowance for doubtful accounts for the company had a

Assume that December 31 forecast shows the estimate uncollectible accounts to be $27,860 and that the allowance for doubtful accounts for the company had a DEBIT balance of $1,575 on December 31.

Journalize the adjusting entry for uncollectible accounts as of December 31 for the next year.

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