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The ledger of Hixson Company at the end of the current year shows Accounts Receivable $136,200, Sales $857,500, and Sales Returns and Allowances $40,300. If

The ledger of Hixson Company at the end of the current year shows Accounts Receivable $136,200, Sales $857,500, and Sales Returns and Allowances $40,300. If Hixson uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Hixson determines that Fell's $2,300 balance is uncollectible

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