Business
Business, 26.03.2020 22:10, xxtonixwilsonxx

At the end of the year, a company has a balance in Allowance for Uncollectible Accounts of $2,200 (credit) before any year-end adjustment. The balance of Accounts Receivable is $190,000. The company estimates that 5% of accounts receivable will not be collected over the next year. Record the adjustment for uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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At the end of the year, a company has a balance in Allowance for Uncollectible Accounts of $2,200 (c...

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