Find the amount of the adjustment

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Question

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

Question 1: If the estimate of uncollectible is made by taking 2% of gross sales, the amount of the adjustment is?
Question 2: If the estimate of uncollectible is made taking 10% of gross accounts receivables, the amount of the adjustment is?

 

Reference no: EM132821772

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