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At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $610 (debit before adjustment. The balance of Accounts Receivable is
At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $610 (debit before adjustment. The balance of Accounts Receivable is $25,100. The company estimates that 8% of accounts will not be collected over the next year. What is the adjustment Mercy Cosmetics would record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.); View transaction Mist Journal entry worksheet Record the adjusting entry for Allowance for Uncollectible Accounts. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal
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