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Net credit sales for the month are 800000 the accounts

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Net credit sales for the month are $800,000. The accounts receivable balance is $160,000. The allowance is calculated as 7.5% of the receivable balance using the percentage of receivable basis. If the Allowance for Doubtful Accounts has a credit balance of $5,000, before the adjustment, what is the balance after the adjustment?

Reference no: EM13577911

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