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The account Allowance for Doubtful Accounts is closed out at the end of the year. True False Which of the following is not true regarding

image text in transcribedimage text in transcribedimage text in transcribed The account Allowance for Doubtful Accounts is closed out at the end of the year. True False Which of the following is not true regarding a promissory note? Promissory notes may not be transferred to another party by endorsement. Promissory notes may be sold to another party. The maturity value of a $85000,6%,3-month note receivable is $86275.$90100.$85283.$85510

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