Seved Help Save & Exit Morrow Inc. uses the percentage of credit sales method of...
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Seved Help Save & Exit Morrow Inc. uses the percentage of credit sales method of estimating doubtful accounts. The Allowance for Doubtful Accounts has an unadjusted credit balance of $2.700 and the company had $140,000 of net credit sales during the period. Morrow has experienced bad debt losses of 6% of credit sales in prior periods. After making the adjusting entry for estimated bad debts, what is the ending balance in the Allowance for Doubtful Accounts account? Multiple Choice $11,100 $8.400 18.230 $5.700
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