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Sunland Furniture Store has credit sales of $ 464,000 in 2020 and a debit balance of $ 696 in the Allowance for Doubtful Accounts at
Sunland Furniture Store has credit sales of $ 464,000 in 2020 and a debit balance of $ 696 in the Allowance for Doubtful Accounts at year end. As of December 31, 2020, $ 150,800 of accounts receivable remain uncollected. The credit manager prepared an aging schedule of accounts receivable and estimates that $ 8,120 will prove to be uncollectible. On March 4, 2021, the credit manager authorizes a write-off of the $ 1,392 balance owed by B. Fernitti. (a) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entry before credit entry) Account Titles and Explanation Debit Credit
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