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Blue Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance
Blue 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 $1,200. During the year Blue wrote off uncollectible receivables of $1,700. Blue recorded Bad Debts Expense of $2,600. What is Blue's year-end balance in Allowance for Bad Debts? OA. $2,100 OB. $900 O C. $3,800 O D. $4,300
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