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Question 7 (4 points) If after aging the accounts receivables, it is estimated that $1.800 will not be collected and the allowance account has an

Question 7 (4 points) If after aging the accounts receivables, it is estimated that $1.800 will not be collected and the allowance account has an existing credit balance of $300, the adjusting entry would be for the amount of $1,500. True False

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