Question
At the end of the current year, a company had an unadjusted balance in the Allowance for Doubtful Accounts of $5,500CR. Sales for the year
At the end of the current year, a company had an unadjusted balance in the Allowance for Doubtful Accounts of $5,500CR. Sales for the year totaled $2,500,000. The company estimates that 3% of sales will be uncollectible. What is the adjusted balance in the Allowance for Doubtful Accounts?
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The Business Innovation Audit
Authors: William Tate
1st Edition
0955970733, 978-0955970733
