Using the Percentage- Of- Sales Method, You Estimate That Total

question 88

Multiple Choice

Using the percentage- of- sales method, you estimate that total uncollectible accounts is $6,000. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of $2,000. The amount of the adjusting entry is:

• A)$6,000.
• B)$4,000.
• C)$8,000.
• D)$2,000.

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