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QUESTION
On december 31 prior to adjustment, allowance for Doubtful Accounts has a credit balance of $400.
On december 31 prior to adjustment, allowance for Doubtful Accounts has a credit balance of $400. An aging analysis of the accounts receivable produces an estimate of $2000 of probable losses from uncollectible accounts. the adjusting entry needed to record the estimated losses from uncollectible accounts is made for?
