Business, 29.03.2021 21:50 astultz309459

Net credit sales for the month are $800,000. The accounts receivable balance is $160,000. The allowance is calculated as 7.5% of the receivables balance using the percentage-of-receivables basis. If Allowance for Doubtful Accounts has a credit balance of $5,000 before adjustment, what is the balance after adjustment

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Net credit sales for the month are $800,000. The accounts receivable balance is $160,000. The allowa...