Business, 21.11.2019 19:31 zainababbas25

During its first year of operations, ivanhoe company had credit sales of $2,781,600, of which $368,300 remained uncollected at year-end. the credit manager estimates that $19,340 of these receivables will become uncollectible.
prepare the journal entry to record the estimated uncollectibles. (assume an unadjusted balance of zero in allowance for doubtful accounts.)
account titles and explanation | debit | credit

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During its first year of operations, ivanhoe company had credit sales of $2,781,600, of which $368,3...

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