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Question 29 of 33 > - 71 View Policies Current Attempt in Progress In 2017 Windsor, Inc. had net credit sales of $2450000. On January
Question 29 of 33 > - 71 View Policies Current Attempt in Progress In 2017 Windsor, Inc. had net credit sales of $2450000. On January 1, 2017, Allowance for Doubtful Accounts had a credit balance of $53500. During 2017, $92000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 15% of the balance in receivables (percentage of receivables basis). If the accounts receivable balance at December 31 was $720000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017? O $108000 $146500 O $73000 $92000
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