M2. Using the accounts receivable aging method, estimated uncollectible accounts are $30,000. If the...
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Finance
M2.
Using the accounts receivable aging method, estimated uncollectible accounts are $30,000. If the balance in Allowance for Uncollectible Accounts is a $5,000 debit before adjustment, what is the amount of the adjustment? Show your work!
A. $30,000 credit
B. $35,000 credit
C. $25,000 credit
D. $5,000 credit
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