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Lankton Company uses the percentage of net sales method, uncollectible accounts expense for the year is estimated to be $27,000. If the balance of the
Lankton Company uses the percentage of net sales method, uncollectible accounts expense for the year is estimated to be $27,000. If the balance of the Allowance for Uncollectible Accounts is $9,000 credit before adjustment, what is the balance after adjustment?
Question 18 options:
$27,000
$36,000
$19,000
$9,000
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