Accounts receivable at the end of the month are 800,000. Bad debts are expected to be 1.5%
Question:
Accounts receivable at the end of the month are €800,000. Bad debts are expected to be 1.5% of accounts receivable. If Allowance for Doubtful Accounts has a credit balance of €1,000 before adjustment, what is the balance after adjustment?
a. €7,000.
b. €11,000.
c. €12,000.
d. €13,000.
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Related Book For 
Financial Accounting With International Financial Reporting Standards
ISBN: 9781119787051
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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