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Using the percentage sales method, the estimated total uncollectible accounts are $ 7 522. The Allowance for Uncollectible Accounts prior to adjustment has a debit
Using the percentage 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 $ 44 320. The amount of the adjusting entry for UncollectibleminusAccounts Expense is: A. $ 2 635. B. $ 10157. C. $ 7 522. D. $ 4 887
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