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During 2024, its first year of operations, a company provides services on account of $254,000. By the end of 2024, cash collections on these accounts
During 2024, its first year of operations, a company provides services on account of $254,000. By the end of 2024, cash collections on these accounts total $138,000. The company estimates that 14% of accounts receivable will be uncollectible Required: Record the adjusting entry for uncollectible accounts on December 31, 2024 . (If no entry is required for a particular tronsection/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjustment for uncollectible accounts on December 31,2024. Noten Enthr dnbits thefure dedits
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