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Find what is the balance after adjustment

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Problem 1: Net credit sales for the month are $730000. The accounts receivable balance is $150000. The allowance is calculated as 10% of the receivables balance using the percentage-of-receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $7800 before adjustment, what is the balance after adjustment?

Reference no: EM132967722

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