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Banning Corporation uses the allowance method to account for uncollectible receivables At the beginning of the year, Allowance for Bad Debts had a credit balance
Banning 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 Banning wrote of uncollectible receivables of $1,700 Banning recorded Bad Debls Expense of $2,700 What is Banning's year-end balance in Allowance for Bad Debis? OA. S1.000 O B. $4 400 O C. $4.100 OD. $2 400
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