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Accounts Receivable shows a debit balance of $900,000. The Allowance for Uncollectible Accounts has a credit balance of $25,000. Net sales for the year were
Accounts Receivable shows a debit balance of $900,000. The Allowance for Uncollectible Accounts has a credit balance of $25,000. Net sales for the year were $2,500,000. The company wants to always have an allowance of at least 4% of Accounts Receivable. Make the journal entry to add the necessary amount to the allowance account
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