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23 Nov 2019

Net credit sales for the month are $600,000. The accounts receivable balance is $120,000. The allowance is calculated as 5% of the receivables balance using the percentage of receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $4,000 before adjustment, what is the balance after adjustment?

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Beverley Smith
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9 Sep 2019
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Related questions

Providing for Doubtful Accounts

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Providing for Doubtful Accounts

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