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At the end of 2020, ABC Co had accounts receivable of $1,000,000 and an allowance for sales returns and allowances of 1% of 1,000,000. If,

At the end of 2020, ABC Co had accounts receivable of $1,000,000 and an allowance for sales returns and allowances of 1% of 1,000,000. If, in February, Student Industries grants a customer an allowance of $1,750 because the customer does not like the product, what journal entry should be made?

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