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Charleston Company had determined that one of its accounts receivable, with a balance of $ 1 5 , 0 0 0 is uncollectible. The Company

Charleston Company had determined that one of its accounts receivable, with a balance of $15,000 is uncollectible. The Company has been properly estimating and recording an allowance for doubtful accounts each year. When Charleston Company writes off the uncollectible account, which of the following is TRUE:

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