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ILI NEDIDELI DITETODICHE MBA-503-X5923 Financial Reporting & Analysis 19TW5 Homework: 5-2 My AccountingLab: Module Five Homework Score: 0 of 2 pts 2 of 33 (1
ILI NEDIDELI DITETODICHE MBA-503-X5923 Financial Reporting & Analysis 19TW5 Homework: 5-2 My AccountingLab: Module Five Homework Score: 0 of 2 pts 2 of 33 (1 complete) QC5-4 (similar to) Neal Company had the following information in 2014. 600 Accounts receivable 12/31/14....... 7,000 Allowance for uncollectible accounts 12/31/14 (before adjustment) ....... Credit sales during 2014. ........ 47,000 Cash sales during 2014 .................... 9,000 Collections from customers on account during 2014.... 45,000 Uncollectible-account expense for 2014 is $940. What is the adjusted balance in the Allowance account at year-end for 2014? O A. $600 OB. $340 O C. $1,540 OD. $940
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