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On December 31, prior to adjustment, Allowance for Doubtful Accounts has a credit balance of $200. An aging analysis of the accounts receivable produces an estimate of $1,000 of probable losses from uncollectible accounts. The adjusting entry needed to record the estimated losses from uncollectible accounts is made for $200. $800. $1,000. $1,200.
The answer is $1,200.
Expert answered|mirajane|Points 10|
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Asked 7/28/2012 6:37:15 PM
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