What the allowance for uncollectible accounts, Accounting Basics

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What the allowance for uncollectible accounts

The following accounts were abstracted from Starr Co.'s unadjusted trial balance at December 31, 2012:
Debit Credit
Accounts receivable $750,000
Allowance for uncollectible accounts 8,000
Net credit sales $3,000,000
Starr estimates that 4% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2012, what the allowance for uncollectible accounts should have a credit balance of ?

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Accounting Basics: What the allowance for uncollectible accounts

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Accounting Basics: What the allowance for uncollectible accounts

Reference No:- TGS047827

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Recent Questions Asked Accounting Basics

Q : What ace''s uncollectible accounts expense would be

Q : Amortized over their legal lives

Q : Determining annual rate of return

Q : Frontier if disease kills half of economy cows population

Q : What the allowance for uncollectible accounts

Q : Inter-period equity affect capital project

Q : How much revenue from investment should cox report

Q : What is the bing''s correct cash balance

Q : What is the cash balance per books at april 30

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Accounting Basics: What the allowance for uncollectible accounts

Reference No:- TGS047827

Recent Questions Asked Accounting Basics

Q : What ace''s uncollectible accounts expense would be

Q : Amortized over their legal lives

Q : Determining annual rate of return

Q : Frontier if disease kills half of economy cows population

Q : What the allowance for uncollectible accounts

Q : Inter-period equity affect capital project

Q : How much revenue from investment should cox report

Q : What is the bing''s correct cash balance

Q : What is the cash balance per books at april 30

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