Mangini Company has net credit sales of $900,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If its Allowance for Doubtful Accounts has a balance of $3,000 prior to adjustment, its balance after adjustment will be a credit of
A) $14,000
B) $21,000
C) $13,980
D) $13,000
Correct Answer:
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