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If the Sonny Company had a beginning balance in the allowance for doubtful accounts of $2,000 debit, and wrote off $3,000 in accounts during the
If the Sonny Company had a beginning balance in the allowance for doubtful accounts of $2,000 debit, and wrote off $3,000 in accounts during the year and prepared an adjusting journal entry to the allowance account for $12,000, what is the ending balance in the Allowance for Doubtful Accounts? a) $7,000 credit balance. b) $14,000 credit balance. c) $5,000 credit balance. d) $17,000 credit balance
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