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value 700 points A summary of Klugman Company's December 31, 2016, accounts receivable aging schedule...

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value 700 points A summary of Klugman Company's December 31, 2016, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age gr Age Group 0-60 days 61-90 days 91-120 days Over 120 days Amount $61,000 22,500 1.0 3,10010.0 1,100 50.0 The allowance for uncollectible accounts had a balance of $1.410 on January 1, 2016. During the year, bad debts of $760 were written off Required Prepare all journal entries for 2016 with respect to bad debts and the allowance for uncollectible accounts (If no entry is required for a transaction/event, select"No journal entry required' in the first account field.) View transaction list Journal entry worksheet

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