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April 20, 2014

Homework Help: Math

Posted by Sam on Sunday, June 12, 2011 at 8:58am.

Assume that the allowance account has a debit balance of $7,000 at the end of the year, before adjustments. If the estimate of uncollectible accounts based on aging the receivables is $10,000, the amount of the adjusting entry for uncollectible accounts would be:

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