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Using the percentage of sales method, the estimated total uncollectible accounts are $ 7522. The Allowance for Uncollectible Accounts prior to adjustment has a debit
Using the percentage of sales method, the estimated total uncollectible accounts are $ 7522. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $ 2635. The Accounts Receivable balance is $ 44,820. The amount of the adjusting entry for Uncollectible Accounts Expense is: A.$7,522 B. $4,887 C. $2,635 D. $10,157
Using the percentage -of-sales method, the estimated total uncollectible accounts are $7,522. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $2,635. The Accounts Receivable balance is $44,820. The amount of the adjusting entry for Uncollectible - Accounts Expense is: O A. $7,522. O B. $4,887. OC. $2,635. OD. $10,157Step by Step Solution
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