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Question(s) / Instruction(s):

Abbott Company uses the estimate of sales method of accounting for uncollectible accounts.  Abbott estimates that 3% of all credit sales will be uncollectible.  On January 1, 2009, the Allowance for Doubtful Accounts had a credit balance of $2,400.  During 2009, Abbott wrote-off accounts receivable totaling $1,800 and made credit sales of $100,000.  After the adjusting entry, the December 31, 2009, balance in the Uncollectible Accounts Expense would be

a)            $3,600

b)            $7,200

c)            $1,200

d)            $3,000

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