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At the end of 2011, using aging of accounts receivable, Hammon estimated that it needs $2,000 in allowance for doubtful account, and it had $400
At the end of 2011, using aging of accounts receivable, Hammon estimated that it needs $2,000 in allowance for doubtful account, and it had $400 previous credit balance from 2010. What should be the balance of allowance for doubtful account after necessary adjusting entries?
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Survey of Accounting
Authors: Carl S Warren
6th edition
978-113318912, 1133189121, 978-1133189121
