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Sanders, Inc. has $20 in accounts receivable (A/R) at year end. Sanders estimates that 30% of the A/R will not be collected. Sanders records the

image text in transcribed Sanders, Inc. has $20 in accounts receivable (A/R) at year end. Sanders estimates that 30% of the A/R will not be collected. Sanders records the appropriate estimate for uncollectible A/R. REV - EXP Q2: How does this entry affect total assets? Q3: How does this entry affect net income

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