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Business, 07.03.2020 04:53 sedilei1515

At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $830 (debit) before adjustment. The balance of Accounts Receivable is $27,300. The company estimates that 9% of accounts will not be collected over the next year. What is the adjustment Mercy Cosmetics would record for Allowance for Uncollectible Accounts?

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At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $830 (de...

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