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A company has net credit sales of $515000 for the year and it estimates that...

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Accounting

A company has net credit sales of $515000 for the year and it estimates that uncollectible accounts will be 2% of its Account Receivables balance. If Allowance for Doubtful Accounts has a credit balance of $1900 prior to adjustment, its balance after adjustment will be a credit of:

a. 8400

b. 12200

c. 10300

d. 10262

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