Question 13 (3 points) Use the following information for item 13 and 14 for the...
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Question 13 (3 points) Use the following information for item 13 and 14 for the Golden Rams Company. The following balances were taken from the trial balance of Golden Rams at December 31, 2020. Sales Revenue Sales Returns and Allowance Accounts Receivable Allowance for Doubtful Accounts $500,000 (credit) 10,000 (debit) 80,000 (debit) 1,000 (credit) If the estimate of uncollectible is made by taking 10% of gross account receivable, what is the amount of the adjustment under the Allowance Method
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