A company has net credit sales of $515000 for the year and it estimates that...
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Accounting
A company has net credit sales of $515000 for the year and it estimates that uncollectible accounts will be 2% of its Account Receivables balance. If Allowance for Doubtful Accounts has a credit balance of $1900 prior to adjustment, its balance after adjustment will be a credit of:
a. 8400
b. 12200
c. 10300
d. 10262
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