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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 6: Reporting and Interpreting Sales Revenue,receivables,and Cash
  5. Question
    When Using the Allowance Method,the Year-End Journal Entry to Record
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When Using the Allowance Method,the Year-End Journal Entry to Record

Question 81

Question 81

True/False

When using the allowance method,the year-end journal entry to record bad debt expense reduces the accounts receivable account and increases net income.

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