Using the percentageofsales method, the estimated total uncollectible accounts are $7,022. The Allowance for Uncollectible...
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Accounting
Using the
percentageofsales
method, the estimated total uncollectible accounts are
$7,022.
The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of
$3,035.
The Accounts Receivable balance is
$44,820.
The amount of the adjusting entry for
UncollectibleAccounts
Expense is:
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