On December 31,Year 1,the West Corporation estimated that $6,000 of its receivables might not be collected.At the end of Year 1,the unadjusted balances of Accounts Receivable and Allowance for Doubtful Accounts were $150,000 and zero.On February 1,Year 2,West wrote-off of a delinquent account from one of its customers.West Corp.uses the allowance method.Indicate whether each of the following statements is true or false.
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