What the amount of the adjustment is, Accounting Basics

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What the amount of the adjustment is

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: What the amount of the adjustment is

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Q : What is the amount of the adjustment

If the estimate of uncollectibles is made by taking 10% of gross account receivables, what is the amount of the adjustment ?

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Accounting Basics: What the amount of the adjustment is

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Recent Questions Asked Accounting Basics

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Request for Solution File

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Accounting Basics: What the amount of the adjustment is

Reference No:- TGS080676

Recent Questions Asked Accounting Basics

Q : Find the total cost per year including cost of the lights

Q : Human v?9vd2 t lymphocytes recognize nonpeptidic product

Q : List and describe the regulatory requirement

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Q : What is the amount of the adjustment

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