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Business, 05.07.2020 14:01 estherdinhllama

On December 31, 2019 before adjusting entries, Accounts Receivable for California Company had a debit balance of $200,000, and the Allowance for Doubtful Accounts had a credit balance of $6,000. Credit sales for the year were $1,600,000. If credit losses are estimated at 1% of credit sales:. A. The balance of the Allowance for Doubtful Accounts will be $10,000 after adjustment. B. The balance of the Allowance for Doubtful Accounts will be $22,000 after adjustment. C. The balance of the Allowance for Doubtful Accounts will be $16,000 after adjustment. D. Bad Debts Expense for the year will be $22,000.

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On December 31, 2019 before adjusting entries, Accounts Receivable for California Company had a debi...
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