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If a company has a balance in the Accounts Receivable of $430.000 and they believe...

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Accounting

If a company has a balance in the Accounts Receivable of $430.000 and they believe that 8% of the balance will be uncollectible, they will create an entry to record the estimated uncollectible amount of $34,400. When the amount is entered on the balance sheet, what is the "net" accounts receivable balance?
$95,600
$32,600
$395,600
$403,000
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