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Outlook Corporation performed event management services worth $1.5 million during its first year of operations. At the end of the year, the company has $400,000

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Outlook Corporation performed event management services worth $1.5 million during its first year of operations. At the end of the year, the company has $400,000 due from its customers The company's credit manager estimates that approximately 10 percent of those accounts receivable will not be collected. Which of the following will be included in the year-end adjustment entry to allow for these future uncollectible accounts? Select all that apply and click on Submit O A debit to Accounts Receivable for $360,000 D A credit to Allowance for Uncollectible Accounts for $40,000 O A credit to Accounts Receivable for $40,000 O A credit to Bad Debt Expense for $40,000 O A debit to Bad Debt Expense for $40,000 A debit to Allowance for Uncollectible Accounts for $40,000

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