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On December 31, prior to adjustments, the balance of Accounts Recelvable is $20,000 and Allowance for Doubtful Accounts has a crodit baionce of $115. The
On December 31, prior to adjustments, the balance of Accounts Recelvable is $20,000 and Allowance for Doubtful Accounts has a crodit baionce of $115. The firm estimates its losses from uncollectible accounts to be 4% of accounts recelvable at the end of the yeac. The adjusting entry needed to record the estimated losses from uncollectible accounts is for which of the following amounts? Multiple Choice $800 5685 3915 $115
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