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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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7 years ago
Gross Accounts Receivable is $17,000. Allowance for Doubtful Accounts has a credit balance of $100. Net credit sales for the year are $120,000. In the past, 2% of credit sales had proved uncollectible, and an aging of the receivables indicates $2,100 as uncollectible. What would be the adjusted balance of the Allowance account under the balance sheet approach?
A) $2,500
B) $2,200
C) $2,100
D) $2,000
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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7 years ago
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majestico Author
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#2
7 years ago
Thanks for attempting to answer. You were correct in your response!
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#3
6 years ago
Happy to help Slight Smile
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