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Gross Accounts Receivable is $12,000 Allowance for Doubtful Accounts Has a credit balance of $600 Net sales for the year are $100,000 In the past.
Gross Accounts Receivable is $12,000 Allowance for Doubtful Accounts Has a credit balance of $600 Net sales for the year are $100,000 In the past. 2% of sales had proved uncollectible. and an aging of the receivables indicates $1.900 as uncollectible. What would be the adjusted balance of the Allowance account under the balance sheet approach? $2,000 $1, 400 $2, 500 $1, 900 Mark for Review What's This
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