The ledger of Reid Company at the end of the current year shows Accounts Recelvable...
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Accounting
The ledger of Reid Company at the end of the current year shows Accounts Recelvable $120,000 and Sales Revenue $810,000. If Allowance for Doubtful Accounts has a credit balance of $2,100 in the trial balance, what is the adjusting journal entry amount assuming uncollectible accounts are expected to be 10% of accounts receivable? Numeric Response
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