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Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $82,000 and $4,500, respectively. During Year 2, Allegheny wrote
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $82,000 and $4,500, respectively. During Year 2, Allegheny wrote off $8.400 of Uncollectible Accounts. After aging its recelvables, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $6,800. What will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement? Multiple Cholce $6,800 $10,700 $2,300 $8,400
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