Multiple Choice
Allowance for Doubtful Accounts has an unadjusted balance of $500 at the end of the year,and uncollectible accounts expense is estimated at 1% of net sales.If net sales are $950,000,the amount of the adjustment to record the provision for doubtful accounts is:
A) $9,500.
B) $500.
C) $8,500.
D) $9,000.
Correct Answer:
Verified
Correct Answer:
Verified
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