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At year end, XYZ Company has an accounts receivables balance of $60,315 and an allowance for doubtful accounts balance of $810. Traditionally, 2% of Accounts
At year end, XYZ Company has an accounts receivables balance of $60,315 and an allowance for doubtful accounts balance of $810. Traditionally, 2% of Accounts Receivable are uncollectible. Prepare the entry for the year end.
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