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If the balance of the allowance for doubtful accounts was a $4,000 credit on January 1 of the current year, determine the balance of the
If the balance of the allowance for doubtful accounts was a $4,000 credit on January 1 of the current year, determine the balance of the allowance for doubtful accounts at December 31 of the current year. Assume that the transactions above are the only transactions affecting the allowance for doubtful accounts during the year.
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