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Jenn Co.'s net credit sales for the year just ended were $10 million, its ending accounts receivable balance was $2 million, and the allowance for doubtful accounts was a debit of $100,000. If 2% of the accounts receivable are expected to be uncollectible, what is the credit balance in the allowance account after the year-end adjustment

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9419575

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