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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
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
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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croher921
Massachusetts Institute of Technology
-- Accounting

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tivo Author
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#2
7 years ago
Thank you for helping me with my accounting homework, will ask again
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