The company estimates that 14 of accounts receivable will, Ask an Expert

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At the end of the year, a company has a balance in Allowance for Uncollectible Accounts of $230 (credit) before any year-end adjustment. The balance of Accounts Receivable is $16,000. The company estimates that 14% of accounts receivable will not be collected over the next year.

Record the adjustment for uncollectible accounts.

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Accounting Basics, Accounting

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Reference No.:- M948324

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