Question: Please answer this question. Thank you. Do It! Review 8-2a Sunland Company has been in business for several years. At the end of the current

Please answer this question. Thank you.

Please answer this question. Thank you. Do It! Review 8-2a Sunland Company

Do It! Review 8-2a Sunland Company has been in business for several years. At the end of the current year, the ledger shows: Accounts Receivable $ 357,200 Dr. Sales Revenue 2,341,700 Cr. Allowance for Doubtful Accounts 7,300 Cr. Uncollectible accounts are estimated to be 5% of accounts receivable. Prepare the entry to adjust Allowance for Doubtful Accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit mg; l ll || | (To record estimate of uncollectible accounts)

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