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1.Credit sales during 20X6 were $300,000, the Allowance for Uncollectibles had a beginning of year balance of $2,500, accounts written off during 20X6 were $2,200.
1.Credit sales during 20X6 were $300,000, the Allowance for Uncollectibles had a beginning of year balance of $2,500, accounts written off during 20X6 were $2,200. It is estimated that 2% of all credit sales are eventually uncollectible.
A.The Uncollectibles Accounts Expense should be $6,000.
B. The Uncollectibles Accounts Expense should be $6,300.
C.The Uncollectibles Accounts Expense should be $8,200.
D.The Uncollectibles Accounts Expense should be $8,500.
E. None of these.
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