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a Trial Balance

question 11

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Use the following information for questions
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\begin{array}{lrr}&\text { Debit } & \text { Credit }\\\text { Sales } & & \$ 425,000 \\\text { Sales returns and allowance } & \$ 14,000 & \\\text { Accounts receivable } & 43,000 & \\\text { Allowance for doubtful accounts } & & 760\end{array}
-If the estimate of uncollectibles is made by taking 10% of gross account receivables, the amount of the adjustment is

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Definitions:

Upcoming Project

A planned endeavor that is scheduled to take place in the near future.

Lack Of Consensus

A situation where there is no general agreement or shared opinion among members of a group.

Disagreement

A situation in which people have different opinions about something and may argue about it.

Policy Statements

Official documents that outline the principles and guidelines governing the actions and decisions of an organization.

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