Business, 22.03.2021 16:50 live4dramaoy0yf9

At the end of Year 4, the unadjusted trial balance of Albert Company includes $1,500,000 of outstanding accounts receivable and an Allowance for Uncollectible Accounts of $14,900 (credit balance). Total sales for the year are $2,094,000 and 85% of the sales were on account. The company estimates that 2% of credit sales are uncollectible and no entries have been made during the year to reflect these uncollectibles. After making the appropriate adjusting journal entry at year-end, what is the balance to be reported on the balance sheet in the Allowance for Uncollectible Accounts

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At the end of Year 4, the unadjusted trial balance of Albert Company includes $1,500,000 of outstand...

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