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The allowance for doubtful debts account has a debit balance at the start of the year of $1,000. At the end of the year, debts
The allowance for doubtful debts account has a debit balance at the start of the year of $1,000. At the end of the year, debts of $990 inclusive GST, are written off and the allowance for doubtful debts is to be adjusted for 10% of the net credit sales of $30,000 exclusive GST. The amount of bad debts expenses appearing in the income statement for the year will be $___________ Group of answer choices 1,010 3,000 1,100 3,100
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