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Allegheny Company ended 2015 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $76,000 and $4, 050, respectively. During 2016, Allegheny wrote off
Allegheny Company ended 2015 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $76,000 and $4, 050, respectively. During 2016, Allegheny wrote off $7, 500 of Uncollectible Accounts. After aging its receivables, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $6, 200. What will Allegheny report as Uncollectible Accounts Expense on its 2016 income statement? $6, 200 $9, 650 $2, 150 $7, 500
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