(Answered) Assume that december 31 forecast shows the estimated

Accounting

Assume that December 31 forecast shows the estimated uncollectible accounts to be $27,860 for the next year. The Allowance for Doubtful Accounts current shows a debit balance of $1,575 also on December 31. Journalize the adjusting entry to update the Allowance for Doubtful Accounts for the new year using the "Analysis of Receivables Method".

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