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Selbys Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $76,475. Assume that the allowance for

Selbys Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $76,475. Assume that the allowance for doubtful accounts for Selbys Bike Co. had a debit balance of $7,200 as of December 31, 2016.

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