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Handel Company uses the allowance method for estimating uncollectible accounts. Prepare journal entries to record the following transactions: January 5 Sold merchandise to Miles Winston

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Handel Company uses the allowance method for estimating uncollectible accounts. Prepare journal entries to record the following transactions: January 5 Sold merchandise to Miles Winston for $2,000, terms n/15. April 15 Received S600 from Miles Winston on account. August 21 Wrote off as uncollectible the balance of the Miles Winston account when she declared bankruptcy

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