Short Answer
Using the percentage of net sales method,uncollectible accounts expense for the year is estimated to be $54,000.If the balance of the Allowance for Uncollectible Accounts is an $18,000 credit before adjustment,what is the balance after adjustment?
a.$72,000
b.$38,000
c.$54,000
d.$18,000
Correct Answer:
Verified
Correct Answer:
Verified
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