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Qu. 5-205 During 2021, Its first year OT... During 2021, its first year of operations, a company provides services on account of $252,000. By the
Qu. 5-205 During 2021, Its first year OT... During 2021, its first year of operations, a company provides services on account of $252,000. By the end of 2021, cash collections on these accounts total $134,000. The company estimates that 13% of accounts receivable will be uncollectible. Record the adjustment for uncollectible accounts on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 > Record the adjustment for uncollectible accounts on December 31, 2021. Note: Enter debits before credits. Event Debit Credit General Journal Allowance for Uncollectible Accounts mm Accounts Receivable Record entry Clear entry View general journal
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