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Net credit sales for the month are 600000 the accounts

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Net credit sales for the month are $600,000. The accounts receivable balance is $120,000. The allowance is calculated as 5% of the receivables balance using the percentage of receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $4,000 before adjustment, what is the balance after adjustment?

Reference no: EM13597672

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