Question: The allowance for doubtful debts account had a debit opening balance of $1,000 before bad debts of $900 were written off. If the allowance was
The allowance for doubtful debts account had a debit opening balance of $1,000 before bad debts of $900 were written off. If the allowance was adjusted to 5% of the accounts receivable balance of $44,000 inclusive GST, at the end of the period, the new amount of the allowance for doubtful debts that is deducted from accounts receivable in the balance sheet is $__________. Group of answer choices 2,200 2,100 2,000 3,000
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