The following accounts were abstracted from Starr Co.'s unadjusted trial balance at December 31, 2017:...
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Accounting
The following accounts were abstracted from Starr Co.'s unadjusted trial balance at December 31, 2017:
Debit Credit Accounts receivable $750,000 Allowance for uncollectible accounts 8,000 Net credit sales $3,000,000
Starr estimates that 6% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2017, the allowance for uncollectible accounts should have a credit balance of
$45,000.
$180,000.
$57,000.
$168,000.
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