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Using the aging of accounts receivable method to estimate uncollectibles, Ute Mountain Company estimates that $8,000 of its accounts receivable will be uncollectible. Prior to
Using the aging of accounts receivable method to estimate uncollectibles, Ute Mountain Company estimates that $8,000 of its accounts receivable will be uncollectible. Prior to adjustment, the Allowance for Uncollectible Accounts has a credit balance of $2,000. What is the amount of uncollectible account expense to be reported on the income statement?
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