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Town Co. began the period with $20,000 of accounts receivable and an allowance for doubtful accounts balance of $1,000. If Town wrote-off $100 of receivables
Town Co. began the period with $20,000 of accounts receivable and an allowance for doubtful accounts balance of $1,000. If Town wrote-off $100 of receivables and then recovered $50 of this amount, what would be the net receivables balance? A.$19,000 B.$18,900 C.$18,950 D.$19,950
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