During its first year of operations, Swifty Company had credit sales of $3,531,400; $664,000 remained...
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Accounting
During its first year of operations, Swifty Company had credit sales of $3,531,400; $664,000 remained uncollected at year-end. The credit manager estimates that $36,000 of these receivables will become uncollectible.
Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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