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On January 1st, Sigma Company estimates that 5% of their accounts receivable balance of $100,000 will become uncollectible. What journal entry should they make to

On January 1st, Sigma Company estimates that 5% of their accounts receivable balance of $100,000 will become uncollectible. What journal entry should they make to record this estimate, and what is the resulting balance in the allowance for doubtful accounts

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