At the end of the year, before any adjusting entries, PF, Inc. has a balance in Allowance for Uncollectible Accounts of $4,000 (debit).

During the year, PF reported the following amounts:

Credit sales to customers = $320,000

Cash collections from customers = $300,000

Actual bad debts = $8,000

What was the credit balance of Allowance for Uncollectible Accounts at the beginning of the year?

At the end of the year, before any adjusting entries, PF, Inc. has a balance in Allowance for Uncollectible Accounts of $4,000 (debit). During the year, PF reported the following amounts: Credit sales to customers = $320,000 Cash collections from customers = $300,000 Actual bad debts = $8,000 What was the credit balance of Allowance for Uncollectible Accounts at the beginning of the year? Select one: O a. $4,000 O b. $12,000 c. $6,000 O d. $8,000 O e. $9,000