CPA Exаm Bоnus Questiоn #3 The fоllowing аccounts were extrаcted from the unadjusted trial balance at 12/31: Debit Credit Accounts Receivable $2,000,000 Allowance for Uncollectible Accounts $16,000 Net credit sales $6,000,000 They estimate that 3% of gross ending accounts receivable will become uncollectible. After adjustment at 12/31, the allowance for uncollectible accounts should have an ending credit balance of?
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