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Help Save & Exh Su At December 31, Daisy Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Accounts of
Help Save & Exh Su At December 31, Daisy Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Accounts of $1,000 (credit) before any adjustments. An analysis of Daisy's December 31 accounts receivable suggests that 6% of the account balances are not expected to be collected. The balance of the Allowance for Uncollectible Accounts reported on the Balance sheet will be: Multiple Choice $14,000 o oo O $15.000 0 $17000 O 0 $18.000
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