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What is the balance after adjustment

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Problem 1: Using the percentage of receivables method for recording bad debt expense, estimated uncollectible accounts are $51000. If the balance of the Allowance dor doubtful accounts is an $10200 debt before adjustment, what is the balance after adjustment?

Problem 2: A Corporation has a 90-day note that carries an annual interest rate of 8%. If the amount of the total interest on the note is equal to $300, then what is the principal of the note? 

Reference no: EM132789891

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