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Journalize the January 31 entry to record and establish the allowance using the percent-of-sales method for January credit sales. Allowance method for receivables, estimating uncollectibles

Journalize the January 31 entry to record and establish the allowance using the percent-of-sales method for January credit sales. Allowance method for receivables, estimating uncollectibles to be 6% of January sales revenue of $8,180

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