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Back Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance

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Back Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $1,400. During the year Back wrote off uncollectible receivables of $2,400. Back recorded Bad Debts Expense of $3,400. What is Back's year-end balance in Allowance for Bad Debts? A. $5,800 B. $2,400 C. $4,800 O D. $1,000

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