Business, 27.06.2019 21:40 YoVeoAnime

In 2017, patterson wholesale company had net credit sales of $750,000. on january 1, 2017, allowance for doubtful accounts had a credit balance of $18,000. during 2017, $30,000 of uncollectible accounts receivable were written off. past experience indicates that the allowance should be 10% of the balance in receivables (percentage-of-receivables basis). if the accounts receivable balance at december 31 was $200,000, what is the required adjustment to allowance for doubtful accounts at december 31, 2017? (a)$20,000. (b)$75,000. (c)$32,000. (d)$30,000.

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In 2017, patterson wholesale company had net credit sales of $750,000. on january 1, 2017, allowance...

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