Allowance for Doubtful Accounts Has a Credit Balance of $1,000

question 6

Multiple Choice

Allowance for Doubtful Accounts has a credit balance of $1,000 immediately before the write-off of a $300 account receivable.The credit balance of Allowance for Doubtful Accounts immediately after the write-off is

• A) $700.
• B) $1,000.
• C) $1,300.
• D) $300.

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