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The current balance (before year-end adjustments) in the allowance for doubtful accounts is a credit of $658, while the balance of accounts receivable is $100,000.

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The current balance (before year-end adjustments) in the allowance for doubtful accounts is a credit of $658, while the balance of accounts receivable is $100,000. If the company estimates that 3.7% of accounts receivable will be uncollectible, what is the ending (adjusted) balance in the allowance? $3,042 $3,700 $4,029 54,358

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