Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year,

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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 \($1,100.\) During the year you wrote off bad receivables of \($2,100\) and recorded Uncollectible Accounts Expense of \($2,000.\) What is your year-end balance in Allowance for Uncollectible Accounts?

a. ($1,000\)

b. $2,000\)

C. ($3,100\)

d. $3,200\)


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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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