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**Discussion question** After the accounts are adjusted at the end of the fiscal year, Accounts Receivable has a balance of $475,000 and Allowance for Doubtful

**Discussion question** After the accounts are adjusted at the end of the fiscal year, Accounts Receivable has a balance of $475,000 and Allowance for Doubtful Accounts has a negative balance of $46,800. Describe how Accounts Receivable and Allowance for Doubtful Accounts are reported on the balance sheet.

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