Question: both The Allowance for Bad Debts account is a liability account o is a contra-asset account o increases with a debit decreases with a credit

both

The Allowance for Bad Debts account is a liability account o is a contra-asset account o increases with a debit decreases with a credit Previous Question 13 A company reports net accounts receivable of $259,000 on its December 31, 2025 balance sheet. The Allowance for Badets account has a credit balance of $21,000. What is the balance of Accounts Receivable? $280,000 O $21,000 $259,000 $238.000 Next Previous DO

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