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Assume the following unadjusted account balances at the end of the accounting period: Accounts receivable $20,000 Allowance for uncollectible accounts $800 debit balance Sales rev.
Assume the following unadjusted account balances at the end of the accounting period:
Accounts receivable $20,000
Allowance for uncollectible accounts $800 debit balance
Sales rev. $45,000
If the company ages the accounts and determines that $2,000 of the receivables may be uncollectible the adjusting entry should be?
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