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Management estimates 2% of net credit sales to be uncollectible. Net credit sales for the year were $1,500,000. The beginning of the year allowance for
Management estimates 2% of net credit sales to be uncollectible. Net credit sales for the year were $1,500,000. The beginning of the year allowance for doubtful accounts balance is $10,000 before any adjustments. What would the Net Accounts Receivable Balance be presented on the balance sheet be? $1,460,000$1,500,000$1,470,000$1,490,000
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