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During 2019, Tammy Co. recorded bad debt expense of $15,000 and wrote off an uncollectible receivable amounting to $5,000 . Assuming a credit balance of
During 2019, Tammy Co. recorded bad debt expense of
$15,000
and wrote off an uncollectible receivable amounting to
$5,000
. Assuming a credit balance of
$10,000
in the allowance for doubtful accounts at January 1, 2019, what would be the balance of the allowance account at December 31, 2019? Zero.
$5,000
$20,000
$15,000
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