Assume that Galliano Company (Exercise 15.1) makes its estimate of uncollectible accounts on December 31 as 3.2

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Assume that Galliano Company (Exercise 15.1) makes its estimate of uncollectible accounts on December 31 as 3.2 percent of total accounts receivable. Compute the estimated amount of uncollectible accounts and give the general journal entry to record the provision for uncollectible accounts. (Obtain any information you need from Exercise 15.1.)
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College Accounting Chapters 1-30

ISBN: 978-0077862398

14th edition

Authors: John Price, M. David Haddock, Michael Farina

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