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Business, 10.04.2020 18:16 deyuntamathis

At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $800 (debit) before adjustment. The balance of Accounts Receivable is $27,000. The company estimates that 13% of accounts will not be collected over the next year. What is the adjustment Mercy Cosmetics would record for Allowance for Uncollectible Accounts?

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At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $800 (de...
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