Question
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?
$1,100
$2,400
$1,600
$2,000
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Advanced Accounting
Authors: Susan S. Hamlen
3rd Edition
1618531514, 978-1618531513
