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Tanning Company analyzes its receivables to estimate uncollectible accounts. The accounts receivable balance is $388,000...

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Accounting

Tanning Company analyzes its receivables to estimate uncollectible accounts. The accounts receivable balance is $388,000 and credit sales are $1,000,000. An aging of accounts receivable estimates that $19,400 of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,200 before adjustment?

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