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Blimp Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance
Blimp 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 $ During the year Blimp Corporation wrote off uncollectible receivables of $ Blimp Corporation recorded Bad Debts Expense of $ What is Blimp Corporation's yearend balance in Allowance for Bad Debts?
A $
B $
C $
D $
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