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On March 31, year 2, Vale Co. had an unadjusted credit balance of $1,000 in its allowance for uncollectible accounts. An analysis of Vale’s trade accounts receivable at that date revealed the following:
What amount should Vale report as allowance for uncollectible accounts in its March 31, year 2 balance sheet? A. $4,000 B. $4,800 C. $3,000 D. $3,800 |