Rain Company has net credit sales of $1,800,000 for the year and it estimates that...
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Accounting
Rain Company has net credit sales of $1,800,000 for the year and it estimates that doubtful accounts will be 2% of sales. If its Allowance for Doubtful Accounts has a credit balance of $6,000 prior to adjustment, its balance after adjustment will be a credit of: Select one: A. $28,000 B. $42,000 C. $27,960 D. $26,000
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