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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 $3,135.
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 $3,135. The Accounts Receivable balance is $44,520. The amount of the adjusting entry for Uncollectible - Accounts Expense is: DO O A. $10,657 O B. $4,387 O C. $3,135. OD. $7,522
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