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Business, 17.09.2019 20:00 Vivi4558

Gross accounts receivable is $12,000. allowance for doubtful accounts has a credit balance of $600. net sales for the year are $100,000. in the past, 2% of sales had proved uncollectible, and an aging of the receivables indicates $1,900 as uncollectible. what would be the adjusted balance of the allowance account under the balance sheet approach? a. $2,000 b. $1,400 c. $2,500 d. $1,900

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Gross accounts receivable is $12,000. allowance for doubtful accounts has a credit balance of $600....
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