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Prepare journal entry to record estimated uncollectibles

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Question - During its first year of operations, Gavin Company had credit sales of $3,162,200; $646,200 remained uncollected at year-end. The credit manager estimates that $38,900 of these receivables will become uncollectible.

Required - Prepare the journal entry to record the estimated uncollectibles.

Reference no: EM132533558

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