1 - Which estimate of the allowance is used without adjusting it and which estimate...
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Accounting
1 - Which estimate of the allowance is used without adjusting it and which estimate of the allowance is adjusted?
2 - Which estimate finds the ENDING BALANCE of the allowance account?
3 - Before posting the end of the period allowance can the allowance account have a debit balance? If so what must occur if AFTER posting the allowance journal entry the balance in the Allowance account is still a debit?
4- What are three possible names for the account used for the expense of your customers not paying the company their bills?
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