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Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the
Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the current assets section of the balance sheet for Energy Company. Assume that in addition to the receivables it has cash of $92,340, inventory of $125,100, and prepaid insurance of $8,640. (List Current assets in order of liquidity.)
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