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MC Qu. 130 Craigmont uses the allowance method... Craigmont uses the allowance method to account for uncollectible accounts. Its yearend unadjusted tria batance shows Accounts
MC Qu. 130 Craigmont uses the allowance method... Craigmont uses the allowance method to account for uncollectible accounts. Its yearend unadjusted tria batance shows Accounts Recevable of $130,500, allowance for doubtful accounts of $925 (credit) and sales of $1,055,000. If uncollectible accounts are estimated to be 7% of accounts receivable, what is the amount or the bad debts expense adjusting entry? Mutmple Choice 510060 $2135 $8210 $8395 $8.545 Prey14 of 18 Next> 4-18 PM 4/4/2019
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