$540,000 of the $2,940,000 was expected to be uncollectible.Required:Prepare the necessary journal entry to record the anticipated uncollectible amount.

Name: $540,000 of the $2,940,000 was expected to be uncollectible.Required:Prepare the necessary journal entry to record the anticipated uncollectible amount.
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The Answer of $540,000 of the $2,940,000 was expected to be uncollectible.Required:Prepare the necessary journal entry to record the anticipated uncollectible amount.

$540,000 of the $2,940,000 Was Expected to Be Uncollectible