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bad debts Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $86,000 and $4800, respectively. During Year 2,
bad debts Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $86,000 and $4800, respectively. During Year 2, Allegheny wrote off $9000 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $7200. What amount will Allegheny report as bad debts Expense on its Year 2 income statement? $9000 $11,400 $2400 $7200
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