A debit balance in the allowance account may exist before recognizing
estimated uncollectibles for the period because
A firms sometimes write off specific customers' accounts during an accounting
period as the firm identifies the specific customers whose accounts have
become uncollectible.
B none of the above.
C the account will always have a credit balance after recognizing the provision
for estimated uncollectibles for the period.
D all of the above.
E firms generally wait until the end of the accounting period to recognize bad
debt expense for the period.
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