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At year-end, Joseph Company reportedNet Sales of P7,100,000 and Allowance for Doubtful Accounts with balancebefore adjustment of P16,000. The entity estimates the uncollectible accounts at
At year-end, Joseph Company reportedNet Sales of P7,100,000 and Allowance for Doubtful Accounts with balancebefore adjustment of P16,000. The entity estimates the uncollectible accounts at 2% of Net Sales. What is the Allowance for Doubtful Accounts at year-end?
Group of answer choices
A. 142,000
B. 126,000
C. 158,000
D. 144,500
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