Question: Using the data in Exercise 8-7, assume that the allowance for doubtful accounts for Phoenician Co. had a debit balance of $2,760 as of December

Using the data in Exercise 8-7, assume that the allowance for doubtful accounts for Phoenician Co. had a debit balance of $2,760 as of December 31, 2007.
Journalize the adjusting entry for uncollectible accounts as of December 31, 2007.

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