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On December 31, Year 1, Kardashian Company recorded an adjusting entry to recognize uncollectible accounts expense. Kardashian had credit sales of $547,000 and estimates uncollectible

On December 31, Year 1, Kardashian Company recorded an adjusting entry to recognize uncollectible accounts expense. Kardashian had credit sales of $547,000 and estimates uncollectible accounts expense to be one percent of credit sales. Which of the following journal entries shows how this event would be recorded under the allowance method? a. Uncollectible accounts expense 5470 Accounts receivable 5470 b. Accounts receivable, 5470 Allowance for doubtful accounts 5470 c. Uncollectible Accounts Expense 5470 Allowance for Doubtful Accounts 5470 d. Allowance for Doubtful Accounts, 5470 Uncollectible Accounts Expense 5470

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