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A company has an accounts receivable balance of $800,000 at year end and it estimates that uncollectible accounts will be 2% of accounts receivable If
A company has an accounts receivable balance of $800,000 at year end and it estimates that uncollectible accounts will be 2% of accounts receivable If Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit of
a.$15,000.
b.$17,000.
c.$15,980.
d.$16,000.
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