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Smith Company's balances at the end of the year are as follows: Accounts Receivable .....................$520,000 debit Allowance for Bad Debt ..................$1,200 debit Notes Payable .................................$30,000
Smith Company's balances at the end of the year are as follows: Accounts Receivable .....................$520,000 debit Allowance for Bad Debt ..................$1,200 debit Notes Payable .................................$30,000 credit Retained Earning ............................ $600,000 credit Which account is most likely containing a mistake? Question 10Select one: A. Accounts Receivable B. Allowance for Bad Debt C. Notes Payable D. Retained Earning
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