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What the ending balance in the allowance for uncollectible

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Question 1: ABC Inc. uses the percentage-of-sales method to estimate uncollectible account receivable. Net credit sales for 2017 is $1,000,000 and ABC estimates 2% of net credit sales is uncollectible. Beginning allowance account has a credit balance of $90,000. The ending balance in the Allowance for Uncollectible Accounts after all adjustments will be

Reference no: EM132570228

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