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Sagot :
Answer:
$1,380
Explanation:
Given that;
Accounts receivables = $288,000
Allowance for uncollectible accounts = $1,500 (credit balance)
Allowance should be 1% of accounts receivables = $288,000 × 1% = 2,880
Then, the adjustment = $2,880 - $1,500 = $1,380
Therefore, the amount of the adjustment for uncollectible accounts would be $1,380
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