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If the incoming ac power should fail,_______batteries continue to provide power to the Jensen Electric Co. fire alarm system.
Allowance for Doubtful Accounts
A contra-account reducing accounts receivable to reflect the amount expected not to be collected due to customers' defaulting.
Gross Amount
The total amount before any deductions, such as taxes, expenses, or discounts, are subtracted.
Trade Receivables
Trade receivables are amounts due to a business for goods sold or services provided on credit terms to customers.
Formal Instrument
A legal document expressing an agreement, obligation, or right enforceable by law.
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