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Net credit sales for the month are $540000. The accounts receivable balance is $190000. The allowance is calculated as 5% of the receivables balance using

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Net credit sales for the month are $540000. The accounts receivable balance is $190000. The allowance is calculated as 5% of the receivables balance using the percentage-of-receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $8400 before adjustment, what is the balance after adjustment? $9500 $17900 $1100 $9920

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