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Business, 02.11.2020 17:00 idontknow1993

At December 31, ABC reported accounts receivable of $272,000 and an allowance for uncollectible accounts of $1,350 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:

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