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QUESTION
On December 31 of the current year, a company's unadjusted trial balance included the following:
On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $97,250; What should the Accrual for Doubtful accounts be, assuming 6% of outstanding accounts receivable at the end of the current year will be uncollectible?
