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Assume that the allowance for doubtful accounts for Natural Hair Company has a negative of $ 3,500 (credit) before adjustment on December 31, 2007. Illustrate

Assume that the allowance for doubtful accounts for Natural Hair Company has a negative of $ 3,500 (credit) before adjustment on December 31, 2007. Illustrate the effect on the accounts and financial statements of the adjustment for uncollectible accounts

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