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Pace Co Uses the Allowance Method to Account for Uncollectible Accounts

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Pace Co. uses the allowance method to account for uncollectible accounts expense. On June 20, 2013, Pace wrote-off an uncollectible account in the amount of $8,000. Show the effect of this entry. Pace Co. uses the allowance method to account for uncollectible accounts expense. On June 20, 2013, Pace wrote-off an uncollectible account in the amount of $8,000. Show the effect of this entry.

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