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On December 31, prior to adjustment, Allowance for Doubtful Accounts has a credit balance of $200. An age analysis of the accounts receivable produces an estimate of $1,000 of probable losses from uncollectible accounts. The adjusting entry needed to record the estimated losses from uncollectible accounts is made for:

A) $800.

B) $1,000.

C) $1,200

D) $200

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M940315

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