At the end of October, Zion Companys management estimates the uncollectible accounts expense to be 1 percent
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At the end of October, Zion Company’s management estimates the uncollectible accounts expense to be 1 percent of net sales of $1,500,000. Prepare the entry to record the uncollectible accounts expense, assuming the Allowance for Uncollectible Accounts has a debit balance of $7,000.
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