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At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $590 (credit) before adjustment. The balance of AccOunts Receivable is
At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $590 (credit) before adjustment. The balance of AccOunts Receivable is $24,500. The company estimates that 15% of accounts will not be collected over the next year What adjustment would Mercy Cosmetics 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 list Journal entry worksheet
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