Timmons Company had a January 1, balance in its Allowance for Doubtful Accounts of $7,000 for the current year. The following transactions and events affected the Allowance for Doubtful Accounts during the current year:
What amount should appear in the allowance for doubtful accounts in the December 31, balance sheet for the current year?

Question

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The Answer of Timmons Company had a January 1, balance in its Allowance for Doubtful Accounts of $7,000 for the current year. The following transactions and events affected the Allowance for Doubtful Accounts during the current year:
What amount should appear in the allowance for doubtful accounts in the December 31, balance sheet for the current year?

Timmons Company Had a January 1, Balance in Its Allowance