![Business](/tpl/images/cats/ekonomika.png)
Allowance for Doubtful Accounts has a credit balance of $463 at the end of the year (before adjustment), and bad debt expense is
estimated at 2% of sales. If credit sales are $552,500, the amount of the adjusting entry to record the estimated uncollectible accounts
receivable is
a. $11,050
b. $10,587
c. $11,513
d. $463
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Answers: 1
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Allowance for Doubtful Accounts has a credit balance of $463 at the end of the year (before adjustme...
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