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Title: A company has $235,000 in credit sales. The company uses the allowance method to account for ... Post by: tivo on Feb 20, 2017 A company has $235,000 in credit sales. The company uses the allowance method to account for uncollectible accounts. The Allowance for Doubtful Accounts now has a $7,250 credit balance. If the company estimates 7% of credit sales will be uncollectible, what will be the amount of the journal entry to record estimated uncollectible accounts?
A) $16,450 B) $23,700 C) $7,250 D) $9,200 Title: Re: A company has $235,000 in credit sales. The company uses the allowance method to account for ... Post by: antonio_john on Feb 20, 2017 Content hidden
Title: Re: A company has $235,000 in credit sales. The company uses the allowance method to account for ... Post by: tivo on Apr 10, 2017 Thank you for helping me with my accounting homework, will ask again
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