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The allowance for doubtful debts account had a balance of $4500 before bad debts of...

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Accounting

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The allowance for doubtful debts account had a balance of $4500 before bad debts of $1000 were written off and the allowance was adjusted to 10% of the accounts receivable balance of $22 000. The new amount of allowance for doubtful debts that is deducted from accounts receivable in the statement of financial position is: $2200 $1200 $1400 $1000

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