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All of Roberts Company's sales are on a credit basis. The following information is available for 2015: Allowance for doubtful accounts at 1/1/15 Sales
All of Roberts Company's sales are on a credit basis. The following information is available for 2015: Allowance for doubtful accounts at 1/1/15 Sales Sales returns Accounts written off as uncollectible $8,000 475,000 40,000 10,000 Roberts provides for doubtful accounts expense at the rate of 3% of net sales. The 12/31/15 adjusting journal entry will be for what amount? Select one: O a $14,050 O b. $13,250 OC $13,050 Od $12,050 O e. $11,050
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