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Madeline's Milk Chocolate Marshmallow Macaroons estimates that 10% of total accounts receivable will be uncollectible.Total Accounts receivable are $25,000 at the end of the year.The
Madeline's Milk Chocolate Marshmallow Macaroons estimates that 10% of total accounts receivable will be uncollectible.Total Accounts receivable are $25,000 at the end of the year.The balance in the Company's Allowance for Uncollectible Accounts at the end of the year is $1,000 credit.What adjustment would the Company need to record inthe Allowance for Uncollecible Accounts?
$1,000
$500
$1,500
none of the above
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