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

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Your company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Uncollectibles had a credit balance of \(\$ 1,100\). During the year you recorded Uncollectible-Account Expense of \(\$ 3,000\) and wrote off bad receivables of \(\$ 2,100\). What is your yearend balance in Allowance for Uncollectibles?

a. \(\$ 1,000\)

b. \(\$ 2,000\)

c. \(\$ 3,100\)

d. \(\$ 3,200\)

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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