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Bert had accounts receivable of $300,000 and an allowance for doubtful accounts of $12,000 just before writing off as worthless an account receivable from Ernie
Bert had accounts receivable of $300,000 and an allowance for doubtful accounts of $12,000 just before writing off as worthless an account receivable from Ernie Company of $1,500. After writing off this receivable what would be the balance in Bert's Allowance for Doubtful Accounts? Multiple Choice $12,000 credit balance. $10,500 credit balance. $13,500 credit balance, $10,500 debit balance
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