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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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