Question: Current Attempt in Progress During its first year of operations, Cullumber Company had credit sales of $3,701,300 $657,200 remained uncollected at year-end. The credit manager

 Current Attempt in Progress During its first year of operations, Cullumber

Current Attempt in Progress During its first year of operations, Cullumber Company had credit sales of $3,701,300 $657,200 remained uncollected at year-end. The credit manager estimates that $40,500 of these receivables will become uncollectible Prepare the journal entry to record the estimated uncollectibles. (Credit account titles are automatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit cTextbook and Media List of Accounts

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