What should the balance in the allowance account be after


Question - On January 1, 2013, Murphy Printing Company's allowance for doubtful accounts had a credit balance of $6,000. Sales revenue for 2013 was $1,000,000, of which 80% was on credit. Historical data indicates that 3% of gross credit sales prove uncollectible. What should the balance in the allowance account be after the adjusting entry for doubtful accounts is made?

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Accounting Basics: What should the balance in the allowance account be after
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