Allowance for Uncollectible Accounts is a contra asset account, which means that its normal balance is a

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Allowance for Uncollectible Accounts is a contra asset account, which means that its normal balance is a credit. However, it is possible for the account to have a debit balance before year-end adjustments are recorded. Explain how this could happen.

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 13, 2016 03:44 AM

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Allowance for Uncollectible Accounts is a contra asset account, which means that its normal balance is a

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Financial Accounting

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