A company has $294,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now has a $2,210 credit balance. If the company estimates that $7,640 of accounts will be uncollectible based on an aging of Accounts Receivable, what will be the amount of the journal entry to record estimated uncollectible accounts?
A) $2,210
B) $9,850
C) $7,640
D) $5,430
D) $5,430
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Which of the following channels is most likely to get the quickest response?
A. e-mail B. voicemail C. text message D. memo
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Answer the following statement true (T) or false (F)