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Oceanside Company Uses the Balance Sheet Approach in Estimating Uncollectible

question 108

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Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense.Its Allowance for Doubtful Accounts has a $1,200 credit balance prior to adjusting entries.It has just completed an aging analysis of accounts receivable at December 31,2015.This analysis disclosed the following information: Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense.Its Allowance for Doubtful Accounts has a $1,200 credit balance prior to adjusting entries.It has just completed an aging analysis of accounts receivable at December 31,2015.This analysis disclosed the following information:   What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31,2015? A) $95,000. B) $960. C) $3,360. D) $2,160. What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31,2015?


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