A company has 317000 in credit sales the company uses the, Ask an Expert

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A company has $317,000 in credit sales. The company uses the allowance method to account for uncollectible accounts, and the Allowance for Doubtful Accounts now was an $8,150 debit balance. If the company estimates 6% of credit sales will be uncollectible, what is the amount of the journal entry for the estimated uncollectible accounts?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91645727

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