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Business, 16.07.2019 01:20 wes94

The following information pertains to lightning inc., at the end of the year: credit sales $ 70,000 accounts payable 12,200 accounts receivable 9,000 allowance for uncollectible accounts $ 1,400 credit cash sales 39,000 lightning uses the percentage-of-credit-sales method and estimates 8% of sales are uncollectible. what is the ending balance of the allowance account after the year-end adjustment?

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The following information pertains to lightning inc., at the end of the year: credit sales $ 70,000...
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