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Bestway, Inc. had credit sales of $142,000 for the period. The balance in Allowance for Doubtful Accounts is a debit of $643. If Bestway ages
Bestway, Inc. had credit sales of $142,000 for the period. The balance in Allowance for Doubtful Accounts is a debit of $643. If Bestway ages accounts receivable and determines estimated uncollectible accounts to be $2,840, what is the required journal entry to record estimated uncollectible accounts? Please show equations, thanks.
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