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The following accounts were abstracted from Roxy Co.’s unadjusted trial balance at December 31:
.......................................Debit ..............Credit
Accounts receivable ..........$1,000,000
Allowance for uncollectible
accounts............................ 8,000
Net credit sales ................................$3,000,000
Roxy estimates that 3% of the gross accounts receivable will become uncollectible. After adjustment at December 31, the allowance for uncollectible accounts should have a credit balance of