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Oceanside Company uses the balance sheet approach in estimating uncollectble accounts expense. Its Allowance for Doublful Accounts bax a $1. 200 credit balance prior to

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Oceanside Company uses the balance sheet approach in estimating uncollectble accounts expense. Its Allowance for Doublful Accounts bax a $1. 200 credit balance prior to odjuatibg entries. It has just completed an sping analysis of accounts peceivable at December 31,2018. This analysis disclosed the following information: The appropriate balance for Occanside's Allowance for Doubtfal Aceounts at December 31,2018 is $1,260 True False

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