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Question 19 5 pts Jensen Corporation uses the percentage-of-credit sales method to estimate uncollectibles. Net credit sales for the current year amount to $3,020,000 and

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Question 19 5 pts Jensen Corporation uses the percentage-of-credit sales method to estimate uncollectibles. Net credit sales for the current year amount to $3,020,000 and management estimates 2% Ivill be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $22,000. After all adjusting entries are made, the balance in Allowance for Uncollectible Accounts will be: $82,400. $22,000. $38,400. O $60,400 O None of the above. haring your screen. Stop sharing Hide (A) X P W 30 2

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