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On December 31, 2019, Avery's unadjusted trial balance reported the following: Accounts Receivable: $700,000 debit Allowance for Doubtful Accounts: $5,000 credit Credit Sales: $1,000,000 credit
On December 31, 2019, Avery's unadjusted trial balance reported the following: Accounts Receivable: $700,000 debit Allowance for Doubtful Accounts: $5,000 credit Credit Sales: $1,000,000 credit Avery estimates that 4% of year-end accounts receivable will be uncollectible. Question 2 of 2: Avery's December 31, 2019 balance sheet will report Allowance for Doubtful Accounts of: $23,000. $28,000.
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