Refer to the information in BE5–5. 

Data from in BE5-5

At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $15,000. By the end of the year, actual bad debts total $17,000. Record the writeoff to uncollectible accounts. Following the write-off, what is the balance of Allowance for Uncollectible Accounts?

Determine the financial statement effects of writing off an uncollectible account.