Y Company obtained the following balances from its computerized accounting information system at the end of the year before adjustments:
The company estimates that 20% of accounts receivable will be uncollectible.After the correct adjusting entry has been made,the allowance for uncollectible accounts will be:
A) $(2,400) .
B) $(4,800) .
C) $(5,400) .
D) $(20,000) .
Correct Answer:
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