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1 January, 17:46

A new partner contributes accounts receivable to a partnership which appear in the ledger of his sole proprietorship at $ 20,500 and there was an allowance for doubtful accounts of $ 750. If $600 of the accounts receivables are completely worthless, the partnership accounts receivable should be debited for $19,900. True or false?

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  1. 1 January, 18:05
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    Answer and Explanation:

    True
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