Business, 20.10.2020 16:01 rubianny03

At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $450 (credit) before adjustment. The balance of Accounts Receivable is $17,500. The company estimates that 15% of accounts will not be collected over the next year. What adjustment would Mercy Cosmetics record for Allowance for Uncollectible Accounts?

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At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $450 (cr...

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