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A company has net credit sales of $900,000 for the year, and it estimates uncollectible accounts will be 2% of its net credit sales. If
A company has net credit sales of $900,000 for the year, and it estimates uncollectible accounts will be 2% of its net credit sales. If Allowance for Doubtful Accounts already has a credit balance of $1,000 prior to any adjustments, and the percentage of net credit sales method is used, its balance after adjustments will be a credit of [Amount]
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