An aging schedule shows a required balance in allowance for doutful accounts of $9600. If there is a credit balance in the allowance account of $2500 prior to adjustment the adjustment amount is $7100
True or False
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An aging schedule shows a required balance in allowance for doutful accounts of $9600. If there is a credit balance in the allowance account of $2500 prior to adjustment the adjustment amount is $7100
True or False
True
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