Business

10 March, 04:19

A company has net credit sales of $900,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit ofa. $18,000b. $19,000c. $17,980d. $17,000

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