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Theo Company uses the allowance method to account for bad debts. If the Allowance for Doubtful Accounts has a credit balance of $15,000 before
Theo Company uses the allowance method to account for bad debts. If the Allowance for Doubtful Accounts has a credit balance of $15,000 before a $4,000 account receivable is written off, what is the balance after the write-off?
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
