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Assume that Nike's trial balance reported a debit balance of $8,630 in Accounts Receivable and a credit balance of $1,200 in Allowance for Doubtful Accounts.
Assume that Nike's trial balance reported a debit balance of $8,630 in Accounts Receivable and a credit balance of $1,200 in Allowance for Doubtful Accounts. If Nike records a journal entry to write-off a specific customer's account in the amount of $500, what will the balance in Allowance for Doubtful Accounts report after the journal entry is recorded
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