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Accounts Receivable has a balance of $378,000 and the Allowance for Accounts has a credit balance of $1,200 at fiscal year end prior to adjustment.
Accounts Receivable has a balance of $378,000 and the Allowance for Accounts has a credit balance of $1,200 at fiscal year end prior to adjustment. If the estimate based on the percentage of sales approach to estimating uncollectibles is $13,780, the amount we adjust bad debt expense by is $14,980 O$12,580 $13,780 $1,200
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