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Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $80,000 and $4,350, respectively.

Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $80,000 and $4,350, respectively. During Year 2, Allegheny wrote off $8,100 of Uncollectible Accounts. After aging its receivables, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $6,600. What will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement?

Multiple Choice

  • $2,250
  • $6,600
  • $8,100
  • $10,350

Top Answer

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Other Answers

Option D is the correct answer. Allegheny shall... View the full answer

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