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Business, 15.10.2019 20:00 caliharris123

Milford company uses the percent-of-sales method to estimate uncollectibles. net credit sales for the current year amount to $ 140 ,000, and management estimates 2% will be uncollectible. the amount of expense to report on the income statement was $ 2,800. the allowance for uncollectible accounts prior to adjustment has a credit balance of $ 3,000. the balance of allowance for uncollectible accounts, after adjustment, will be

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