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Frick Company estimates uncollectible accounts using the percentageof-receivables method and expects that 5 percent of outstanding receivables will be uncollectible for 2010. The balance in Accounts Receivable is $200,000, and the allowance account has a $3,000 credit balance before adjustment at year-end. The uncollectible accounts expense for 2010 will be:

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92041335

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