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Business, 16.07.2021 01:00 ccory0626

Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at 2% of sales. If sales are $600,000, the amount of the adjusting entry to record the provision for doubtful accounts is:.a. $12,500.b. $11,500.c. $12,000.d. None of these answers are correct.

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Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustme...
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