Net credit sales for the month are $580000. The accounts receivable balance is $180000. The...
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Accounting
Net credit sales for the month are $580000. The accounts receivable balance is $180000. The allowance is calculated as 5% of the receivables balance using the percentage-of-receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $6500 before adjustment, what is the balance after adjustment?
$9000
$2500
$15500
$9325
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