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Business, 06.12.2021 16:40 roscoe53

The following accounts were abstracted from Starr Co.'s unadjusted trial balance at December 31, 2022: Debit Credit Accounts receivable $750,000 Allowance for uncollectible accounts 8,000 Net credit sales $3,000,000 Starr estimates that 4% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2022, the allowance for uncollectible accounts should have a credit balance of:. a. $120,000.
b. $112,000.
c. $38,000.
d. $30,000.

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The following accounts were abstracted from Starr Co.'s unadjusted trial balance at December 31, 202...
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