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A companys balance in allowance for uncollectible

A company's balance in Allowance for Uncollectible Accounts was $844 (credit) at the end of the year. Using an aging schedule, management estimates that $5,475 of accounts receivable will be uncollectible. The correct entry to adjust the allowance account would include a credit to allowance for uncollectible accounts in the amount of :

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Accounting Basics: A companys balance in allowance for uncollectible

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Accounting Basics: A companys balance in allowance for uncollectible

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