Question: Question 60 (2 points) Drake Ltd. uses allowance method accounting for its Accounts Receivable. The balance of Allowance for Doubtful Account at January 1, 2019

Question 60 (2 points) Drake Ltd. uses allowance method accounting for its Accounts Receivable. The balance of Allowance for Doubtful Account at January 1, 2019 was $25,800. During year 2019, Drake wrote off $6,800 Accounts Receivables, recovered $5,100 previously written off Account Receivables, and recorded $2,200 Bad Debt Expense. What is the balance of Allowance for Doubtful Account at December 31, 2019? ! unt O $26,300. O $24,100 O $39,900. $23,700

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