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Question 18 (1 point) An analysis of Capitol Corp. shows the following data available as of December 31, 2021 from the company's unadjusted trial
Question 18 (1 point) An analysis of Capitol Corp. shows the following data available as of December 31, 2021 from the company's unadjusted trial balance: Allowance for Doubtful Accounts Bad Debt Expense Credit Sales for 2021 Accounts Receivable Debit Credit 10,200 690,000 0 2,650,000 On December 31st, 2021, the company collected $6,200 of an account previously written off (the company has not made an entry yet for the collection of the $6,200.) The company also found out a customer's account in the amount of $2,500 is deemed uncollectible (they went bankrupt) and they have not made an entry for this transaction yet. Capitol Corp. estimates that 4% of their credit sales are uncollectible. What should be the ending balance in the Allowance for Doubtful Accounts as of December 31, 2021? a) $106,000 b) The correct ending Allowance for Doubtful Accounts balance is not listed. c) $119,900 d) $116,200
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