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Business, 09.04.2020 18:38 alevans7144

KolkerKolker Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $ 150 000, and management estimates 33% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $3,000. The amount of expense to report on the income statement will be:

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