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On May 5th Muggle receives cash payments from Potter. Which of the following will appear in Muggle Company s journal entry under the gross method on May 5th a. Debit Cash 10 000 b. Uncollectible accounts are determined by the percent-of-sales method to be 2 of credit sales. How much is uncollectible-account expense for 2016 b. B. management trustworthiness. c. accrual accounting. d. statements of financial accounting concepts. 32. The unadjusted balance in the Allowance for Uncollectible...
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