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Compute what is the allowance for doubtful accounts

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Problem 1: What is the allowance for doubtful accounts?

At the beginning of the year, the balance in the Allowance for Doubtful Accounts is a credit of $541. During the year, $412 of previously written off accounts were reinstated and accounts totaling $603 are written off as uncollectible. The end-of-year balance (before adjustment) in the Allowance for Doubtful Accounts should be the one listed below.

a. $603

b. $350

c. $412

d. $541

Reference no: EM132729670

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