Question: On December 3 1 , 2 0 2 4 , the Allowance for Expected Credit Losses has an unadjusted debit balance of $ 1 ,

On December 31,2024, the Allowance for Expected Credit Losses has an unadjusted debit balance of $1,030. Oak Ridge Corporation
estimates that 10% of its total accounts receivable balance of $82,500 will become uncollectible and records the necessary
adjustment to the Allowance for Expected Credit Losses. On May 11,2025, Oak Ridge Corporation determined a J. Reno's account
was uncollectible and wrote off $1,540. On June 12,2025, Reno paid the amount previously written off.
On December 31,2024, the Allowance for Expected Credit Losses has an

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