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Mademuasel [1]
3 years ago
5

on december 31 prior to adjustment allowance for doubtful accounts has a credit balance of $200. an aging analysis of the accoun

ts receivable produces an estimate of $1,000 of probable losses from uncollectible accounts. The adjusting entry needed to record the estimated losses from uncollectible accounts is made for
Business
1 answer:
Tamiku [17]3 years ago
7 0

Answer:

$800

Explanation:

Given that

Credit balance of allowance for doubtful debts = $200

Estimate amount from uncollectible accounts = $1,000

So, by considering the above information, the estimated losses from uncollectible account is

= Estimate amount from uncollectible accounts - Credit balance of allowance for doubtful debts

= $1,000 - $200

= $800

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