Refer to the information in BE56, but now assume that the balance of Allowance for Uncollectible Accounts

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Refer to the information in BE5–6, but now assume that the balance of Allowance for Uncollectible Accounts before adjustment is $3,000 (debit). The company still estimates future uncollectible accounts to be $15,000. What is the adjustment Dahir would record for Allowance for Uncollectible Accounts? Does the amount of the adjustment differ from BE5–6? If so, why?

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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