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The allowance for doubtful accounts has a debit balance of $1,000 at the end of the...

The allowance for doubtful accounts has a debit balance of $1,000 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at $10,000. If accounts receivable are $700,000, the amount of the adjusting entry to record the allowance for doubtful accounts using the aging of receivables method is:

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ekkarill92 answered 2 years ago
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