Question: Carpenter Company estimated uncollectible accounts expense for the year ended

Carpenter Company estimated uncollectible accounts expense for the year ended June 30, 2010, at $ 4,500. During July 2010, Carpenter identified the Wong account as uncollectible and wrote off the balance of $ 375. Give the journal entries to record these events. What is the effect of each entry on net accounts receivable?

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  • CreatedMarch 25, 2015
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