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BE8-3 During its first year of operations, Energy Company SE had credit sales of 3,000,000; 600,000 remained uncollected at year-end. The credit manager estimates that
BE8-3 During its first year of operations, Energy Company SE had credit sales of 3,000,000; 600,000 remained uncollected at year-end. The credit manager estimates that 28,000 of these receivables will become uncollectible. (a) Prepare the journal entry to record the estimated uncollectibles. (b) Prepare the current assets section of the statement of financial position for Energy 17
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