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Business, 20.09.2020 15:01 eysahvdtuj

Cosmo Company reported credit sales of $345,000 during its first year of operations. At December 31, customers owed $35,000 to the company. Based on the experience of similar businesses, management estimates that $3,500 of its accounts receivable will be uncollectible. Required:
Write down the necessary adjusting entry.

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Cosmo Company reported credit sales of $345,000 during its first year of operations. At December 31,...
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