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Instructions Chart of Accounts General Journal Instructions McKinney & Co. estimates its uncollectible accounts as a percentage of credit sales. McKinney made credit sales

Instructions Chart of Accounts General Journal Instructions McKinney & Co. estimates its uncollectible accounts as a percentage of credit sales. McKinney made credit sales of $2,000,000 in 2019. McKinney estimates 3.0% of its sales will be uncollectible. Required: Prepare the journal entry to record bad debt expense for McKinney at the end of 2019.

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