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Question #7 _(7 points) Given the data below, calculate: Prepare the adjusting journal entry for uncollectible accounts at the end of the year. Label Question
Question #7 _(7 points) Given the data below, calculate: Prepare the adjusting journal entry for uncollectible accounts at the end of the year. Label Question #7 JE Doubtful Accounts Expense for 2021 Label Question #7 Expense . Net Accounts Receivable as of 12/31/2021 Label Question #7 Net A/Rec A company has the following account balances at the end of the year. Net Credit Sales $7,500,000 Accounts Receivable $110,000 Allowance for Uncollectible Accounts $1,800 (normal balance) Doubtful Accounts Expense $0 . . The company estimates future uncollectible accounts to be 0.1% of net credit sales
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