Question: (Select the 2 that apply.) The 2 steps required using the allowance method, are to first write-off specific customer balances later make an end-of-period adjustment

(Select the 2 that apply.) The 2 steps required using the allowance method, are to first write-off specific customer balances later make an end-of-period adjustment to record the estimated bad debts first make an end-of-period adjustment to record the estimated bad debts later write-off specific customer balances when they are known to be uncollectible

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