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M2. Using the accounts receivable aging method, estimated uncollectible accounts are $30,000. If the...

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Finance

M2.

Using the accounts receivable aging method, estimated uncollectible accounts are $30,000. If the balance in Allowance for Uncollectible Accounts is a $5,000 debit before adjustment, what is the amount of the adjustment? Show your work!

A. $30,000 credit

B. $35,000 credit

C. $25,000 credit

D. $5,000 credit

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