Mathematics, 26.05.2020 09:58 cvvalle15
Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance of $1,600. During the year you wrote off bad receivables of $2,000 and recorded Bad debt expense of $2,700. What is your year-end balance in Allowance for uncollectible accounts?
A. $2,300
B. $3,600
C. $4,300
D. $2,700
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