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A company has total accounts receivable of $516000 for the year and it estimates that uncollectible accounts will be 3% of accounts receivable. If Allowance
A company has total accounts receivable of $516000 for the year and it estimates that uncollectible accounts will be 3% of accounts receivable. If Allowance for Doubtful Accounts has a credit balance of $2000 prior to adjustment, its balance after adjustment will be a credit of $15480. $15420. $13480. $17480.
CALLULATUR PRINTER VERSIUN Question 33 A company has total accounts receivable of $516000 for the year and it estimates that uncollectible accounts will be 3% of accounts receivable. If Allowance for Doubtful Accounts has a credit balance of $2000 prior to adjustment, its balance after adjustment will be a credit of $15480. $15420. $13480. $17480. Question 34 An aging of a company's accounts receivable indicates that $4900 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $850 credit balance, the adjustment to record bad debts for the period will require a O credit to Allowance for Doubtful Accounts for $4900. debit to Bad Debt Expense for $4900. debit to Allowance for Doubtful Accounts for $4050. debit to Bad Debt Expense for $4050Step by Step Solution
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