The Following Accounts Were Abstracted from Urich Co

question 27

Multiple Choice

The following accounts were abstracted from Urich Co.'s unadjusted trial balance at December 31, 2010: Urich Co.estimates that 1.5 percent of the gross accounts receivable will become uncollectible.After adjustment at December 31, 2010, the allowance for doubtful accounts should have a credit balance of

• A)$12,750
• B)$11,000
• C)$44,250
• D)$41,380

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