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Question - The following accounts were taken from Lane Co.'s unadjusted trial balance at December 31, 20x6:
Debit Credit
Accounts Receivable $352078
Allowance for doubtful accounts 2944
Net credit sales $235915
Jessica estimates that 4.5% of the credit sales will become uncollectible. After adjustment at December 31, 20x6, what is the balance in the allowance for doubtful accounts?
a. $15844
b. $10616
c. $7672
d. $13560
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