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A trial balance before adjustments included the following:

A trial balance before adjustments included the following:






Debit


Credit





Sales







$425,000

Sales returns and allowance

$14,000





Accounts receivable

43,000





Allowance for doubtful accounts







760



If the estimate of uncollectibles is made by taking ten percent of gross account receivables, the amount of the adjustment is



$3,540.



$4,224.



$5,060.



$4,300.

This question was asked on Mar 15, 2010.

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