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Part $1$

Jensen Corporation uses the percentageminusofminussales method to estimate uncollectibles. Net credit sales for the current year amount to $ $2$ comma $001$ comma $000$ and management estimates $5\%$ will be uncollectible. The Allowance for Doubtful Accounts prior to adjustment has a debit balance of $ $22$ comma $000.$ After all adjusting entries are$$ made, the balance in Allowance for Uncollectible Accounts will$$ be: