During 2015,its first year of operations,a company provides services on account of $250,000.By the end of 2015,cash collections on these accounts total $130,000.The company estimates that 10% of accounts receivable will be uncollectible.Record the adjustment for uncollectible accounts on December 31,2015.

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The Answer of During 2015,its first year of operations,a company provides services on account of $250,000.By the end of 2015,cash collections on these accounts total $130,000.The company estimates that 10% of accounts receivable will be uncollectible.Record the adjustment for uncollectible accounts on December 31,2015.

During 2015,its First Year of Operations,a Company Provides Services on Account