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The following accounts were abstracted from Brown Company's unadjusted trial balance at December 31: Debit Credit Accounts Receivable $700,000 Allowance for Doubtful Accounts 12,000 Net
The following accounts were abstracted from Brown Company's unadjusted trial balance at December 31: Debit Credit Accounts Receivable $700,000 Allowance for Doubtful Accounts 12,000 Net Credit Sales $3,000,000 Brown Company estimates that 2% of this year's net credit sales will become uncollectible. After adjustment at December 31, the Allowance for Doubtful Accounts will have a balance of: Select one: O a. $14,000 O b. $26,000 Oc $72,000 O d. $60,000 O e $48,000
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