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Question 21 3 pts Wellington Corp. has outstanding accounts receivable totaling $1 million as of December 31 and sales on credit during the year of

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Question 21 3 pts Wellington Corp. has outstanding accounts receivable totaling $1 million as of December 31 and sales on credit during the year of $5 million. There is also a debit balance of $20,000 in the allowance for doubtful accounts. The company estimates that 3% of its sales will be uncollectible. The necessary adjusting entry would include a credit to the allowance account for $10,000. $30,000 $130,000. $150,000. $170,000. Question 22 3 pts

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