=+8. After the accounts are adjusted at the end ofthe fiscal year, Accounts Receivable has a balance
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=+8. After the accounts are adjusted at the end ofthe fiscal year, Accounts Receivable has a balance of $578,600 and Allowance for Doubtful Accounts has a nega¬
tive balance of $16,850. Describe how the accounts receivable and the allowance for doubtful accounts are reported on the balance sheet.
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