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Question 10 2 pts In 2021, Boyle Company had credit sales of $900,000. On January 1, 2021, Allowance for Doubtful Accounts had a credit balance
Question 10 2 pts In 2021, Boyle Company had credit sales of $900,000. On January 1, 2021, Allowance for Doubtful Accounts had a credit balance of $22,500. During 2021, $36,000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance balance should be 5% of the credit sales become uncollectible. What should be the required adjustment to the Allowance for Doubtful Accounts at December 31, 2021 if the ending accounts receivable balance was $240,000? $24,000 O $37.500 $45,000 O $36,000
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