FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Before any adjustments, Snow Company had an end of the year accounts receivable balance of $225,000 and the allowance for uncollectible
accounts had a $800 credit balance. An analysis of accounts receivable determines that the allowance for uncollectible accounts should be 4%
of accounts receivable. The adjusting entry would include a credit to Allowance for Uncollectible Accounts of:
O A. $8,000.
O B. $9,800.
OC.
$9,000.
$8,200.
OD.
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