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What is the balance in the allowance account

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Question - Net sales for the month are $800,000 and bad debts are expected to be 1.5% of net sales. The company uses the percentage of sales approach. If Allowance for Doubtful Accounts has a credit balance of $15,000 before adjustment, what is the balance in the allowance account after the adjustment?

a. $27,000

b. $12,000

c. $15,000

d. $23,000

Reference no: EM132748619

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