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Prepare the necessary entries, assuming that the company follows the allowance method to account for accounts receivable: a. Total sales for the month are $253,000
Prepare the necessary entries, assuming that the company follows the allowance method to account for accounts receivable: a. Total sales for the month are $253,000 on credit b. The company expects that $2,500 will be uncollectible (assume that there is no balance in the allowance account prior to this entry) C. The company writes off an account as uncollectible in the amount of $250
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