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What is the balance of allowance for doubtful accounts

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Question - A company has an opening balance of $1,500 in Allowance for Doubtful Accounts. Its sales for the year is $400,000 and it estimates that 1% of sales is uncollectible. What is the balance of Allowance for Doubtful Accounts at the end of the year?

a. $2000

b. $3500

c. $4000

d. $4500

Reference no: EM132995235

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