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Before any adjustments, Sleet Company had an end of the year accounts receivable balance of $510,000 and the allowance for uncollectible accounts had a $900
Before any adjustments, Sleet Company had an end of the year accounts receivable balance of $510,000 and the allowance for uncollectible accounts had a $900 credit balance. An analysis of accounts receivable determines that the allowance for uncollectible accounts should be 2% of accounts receivable. The adjusting entry would include a credit to Allowance for Uncollectible Accounts of: O A $9,300. O B. $10,200 OC. $11,100 OD. $9,000
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