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Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $62,000 and $3,000, respectively. During Year 2, Allegheny wrote

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Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $62,000 and $3,000, respectively. During Year 2, Allegheny wrote off $5,400 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $4,800. What amount will Allegheny report as Uncollectible Accounts Expense on Its Year 2 income statement? Multiple Choice $7.200 S4300 0 3100 USADO

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