Question: ABC Company purchased two inventory items. The first cost $ 5 0 and the second cost $ 6 0 . One of the items was

ABC Company purchased two inventory items. The first cost $50 and the second cost $60. One of the items was sold for $75.
The allowance for doubtful accounts is?
a revenue account.
a liability account.
a contra asset account.
an expense.
ABC Company purchased two inventory items. The first cost $50 and

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