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  1. business
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  3. 1. at the end of the year, a company has a balance

1. At the end of the year, a company has a balance in Allowance for...

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Accounting

1. At the end of the year, a company has a balance in Allowance for Uncollectible Accounts of $200 (credit) before any year-end adjustment. The balance of Accounts Receivable is $15,000. The company estimates that 10% of accounts receivable will not be collected over the next year.

Record the adjustment for uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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