Clayborn Company expects that $12,600 of its $420,000 Accounts Receivable balance is uncollectible. The Allowance for Doubtful Accounts before adjustment has a credit balance of $1,400. The amount of the adjusting entry needed by Clayborn is:
A) $14,000
B) $12,600
C) $11,200
D) $406,000
E) $408,800
Correct Answer:
Verified
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