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During its first year of operation, Windsor, Inc. had credits sales of $2,760,000 of which $416,700 remained uncollected at year-end. The credit manager estimates that
During its first year of operation, Windsor, Inc. had credits sales of $2,760,000 of which $416,700 remained uncollected at year-end. The credit manager estimates that $16,800 of these receivables will become uncollectible.
Prepare the journal entry to record the estimated uncollectibles.
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