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Accounting

A trial balance before adjustments included the following:

Debit Credit
Sales $425,000
Sales returns and allowance $14,000
Accounts receivable 43,000
Allowance for doubtful accounts 760

If the estimate of uncollectibles is made by taking 2% of net sales, what the amount of the adjustment is ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M980676

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