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Frick company estimates uncollectible accounts using the percentage-of-receivables method

Author:
January 12th, 2018

Frick company estimates uncollectible accounts using the percentage-of-receivables method and expects that 5% of outstanding receivables will be uncollectible for 2010. The balance in Accounts Receivable is $200,000 and the allowance account has a $3,000 credit balance before adjustment at year-end. THe uncollectible accounts expense for 2010 will be:a/ 7,000b)10,000c)13,000d)9,850e)none of the above

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