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The Following Accounts Were Abstracted from Starr Co

question 144

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The following accounts were abstracted from Starr Co.'s unadjusted trial balance at December 31, 2014: The following accounts were abstracted from Starr Co.'s unadjusted trial balance at December 31, 2014:   Starr estimates that 4% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2014, the allowance for uncollectible accounts should have a credit balance of A)  $120,000. B)  $112,000. C)  $38,000. D)  $30,000. Starr estimates that 4% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2014, the allowance for uncollectible accounts should have a credit balance of


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