Multiple Choice
Allowance for Doubtful Accounts has an unadjusted balance of $400 at the end of the year, and uncollectible accounts expense is estimated at 1% of net sales.If net sales are $300,000, compute the amount of the adjustment to record the provision for doubtful accounts.
A) $400.
B) $3,400.
C) $3,000.
D) $2,600.
Correct Answer:
Verified
Correct Answer:
Verified
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