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On December 31, Year 2 before adjustments, Silver Co.'s Accounts Receivable account balance was $20,000 and the Allowance for Doubtful Accounts account balance was $300.
On December 31, Year 2 before adjustments, Silver Co.'s Accounts Receivable account balance was $20,000 and the Allowance for Doubtful Accounts account balance was $300. Silver estimates uncollectible accounts to be 5% of accounts receivable. The Year 2 uncollectible accounts expense shown on the income statement will be:
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