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52 A company has net credit sales of $700,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If Allowance

52 A company has net credit sales of $700,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit of

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