Question

At the end of 2018, murray state lenders had a balance in its allowance for uncollectible accounts of $4,500 (debit) before any adjustment. The company estimated its future uncollectible accounts to be $12,000 using the percentage-of-receivables method. Murray state's adjustment on december 31, 2018, to record its estimated uncollectible accounts included a:

Answer 1

Answer:

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