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1. The adjusting journal entry at year-end to record Bad Debts Expense using an Allowance method will: a. Reduce profit and total current assets. b.

1. The adjusting journal entry at year-end to record Bad Debts Expense using an Allowance method will: a. Reduce profit and total current assets. b. Reduce profit but will not affect total current assets. c. Not affect profit but will reduce total current assets. d. Not affect profit or

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