Problem: When using the percentage of receivables method to record bad debts, $10,000 are estimated uncollectible. If the balance of the Allowance for Doubtful Accounts is $2,000 debit before adjustment, what is the balance after adjustment? a. $10,000 b. $12,000 c. $8,000 d. $2,000

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When using the percentage of receivables method to record bad debts, $10,000 are estimated uncollectible. If the balance of the Allowance for Doubtful Accounts is $2,000 debit before adjustment, what is the balance after adjustment?

a. $10,000

b. $12,000

c. $8,000

d. $2,000

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