Estimated value of uncollectibles

Reference no: EM13157651

Journalize the adjusting entry for bad debts on December 31, 2008, assuming that the unadjusted balance in the allowance for doubtful accounts at that time is a debit of $1,000 and an aging schedule indicates that the estimated value of uncollectibles is $37,500.

Reference no: EM13157651

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