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Copper Company Had a January 1, Current Year, Balance in Allowance

Question 21

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Copper Company had a January 1, current year, balance in Allowance for Doubtful Accounts of $7,000 credit. The following events required journal entries during the current year: Copper Company had a January 1, current year, balance in Allowance for Doubtful Accounts of $7,000 credit. The following events required journal entries during the current year: What amount of allowance for doubtful accounts should appear in the December31, current year, balance sheet? What amount of allowance for doubtful accounts should appear in the December31, current year, balance sheet?

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