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    College Accounting Study Set 2
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    Exam 13: Accounting for Bad Debts
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    Under the Balance Sheet Approach, Bad Debts Expense Is $1,000
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Under the Balance Sheet Approach, Bad Debts Expense Is $1,000

Question 23

Question 23

True/False

Under the balance sheet approach, bad debts expense is $1,000 if the estimated amount of uncollectible accounts is $1,200 and the Allowance for Doubtful Accounts has a credit balance of $200.

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