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Frank Company has a $5,000 credit balance in its Allowance for Doubtful Accounts account. During...

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Accounting

Frank Company has a $5,000 credit balance in its Allowance for Doubtful Accounts account. During December it wrote off $1,200 as uncollectible from a bankrupt customer. This action will:

A.

decrease net income for the period.
B.

none of the above.
C.

decrease owners equity.
D.

decrease total accounts receivable.
E.

decrease total assets.

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