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Record the adjusting entry for uncollectible accounts on dec

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"During 2021, its first year of operations, Pave construction provides services on account of 160,000. BY the end of 2021, cash collections on these accounts total $110,000. Pave estimates that 25% of the uncollected accounts will be uncollectible. In 2022, the company writes off uncollectible accounts of $10,000."

Problem 1: Record the adjusting entry for uncollectible accounts on December 31, 2021.

Reference no: EM132696294

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