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At December 31, ABC. reported accounts receivable of $226,000 and an allowance for uncollectible accounts of $1,700 (debit) before any adjustments. An analysis of accounts
At December 31, ABC. reported accounts receivable of $226,000 and an allowance for uncollectible accounts of $1,700 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. The amount of the adjustment for uncollectible accounts would be: Multiple Choice O $3.960. O O O $560. O O $2,260. $1,700
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