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15 Majestic company has a credit balance of the allowance for doubtful account that exceeds the amount of a bad debt being written off, the

image text in transcribed 15 Majestic company has a credit balance of the allowance for doubtful account that exceeds the amount of a bad debt being written off, the journal entry to record the write off results A reduction in current labilities a No effect on the bad debts expenses of the current period.b An increase in current assets c An increase in the expenses of the current period.d in

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