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please help A company has the following balances at the end of a month: Accounts Recelvable $150,000; Allowance for Doubtful Accounts $ 3,000 (debit; credit

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A company has the following balances at the end of a month: Accounts Recelvable $150,000; Allowance for Doubtful Accounts $ 3,000 (debit; credit Sales $300,000. The company uses the Percent of Receivable method and experience suggests that 3% of outstanding recelvables will not be collectible. What adjustment needs to be made to the Allowance for Doubtful Accounts at the end of the month? Multiple Choice $7,500 credit $1,500debit $1,500 credit. $7,500 debit

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