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KUC has just completed its annual fund-raising drive. It received $1,750,000 of pledges. $750,000 was paid to KUC either in cash or by credit card.

KUC has just completed its annual fund-raising drive. It received $1,750,000 of pledges. $750,000 was paid to KUC either in cash or by credit card. KUC sent invoices to the remaining donors. From past experience, KUC knows that 15% of these pledges will never be received. How would KUC record this transaction?

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