Business
Business, 19.10.2021 01:00, isabelsmhl

At the start of the year, a city established an allowance of $100,000 for uncollectible taxes in its General Fund. During the year, it wrote off $80,000 as uncollectible. At year-end, the city still has some uncollected taxes, but believes it will need an allowance of only $15,000 to cover any receivables that it may need to write off as uncollectible. What adjusting entry should it make

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