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Using the percentage-of-sales method, you estimate that total uncollectible accounts is $6,000. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of
Using the percentage-of-sales method, you estimate that total uncollectible accounts is $6,000. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $2,000. The amount of the adjusting entry for uncollectible accounts expense is: a. $8,000. b. $6,000. c. $4,000. d. $2,000.
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