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The percentage of sales method for Schlosberg, Inc. reveals $2,200 of uncollectible accounts. The allowance for uncollectible accounts prior to adjustment has a debit balance
The percentage of sales method for Schlosberg, Inc. reveals $2,200 of uncollectible accounts. The allowance for uncollectible accounts prior to adjustment has a debit balance of $300. Using the aforementioned answer convention, prepare the journal entry needed for year-end
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