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Suppose at the end of the year before any adjusting entries, a company has a balance in Allowance for Lincollectie Accounts of $5.000 dbal. During

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Suppose at the end of the year before any adjusting entries, a company has a balance in Allowance for Lincollectie Accounts of $5.000 dbal. During the year the company reported the following Amount Credit sales to customer5550.000 Cath collections from customers $540.000 Actual bad debt-520.000 What was the balance of towance for Uncolectible Accounts at the beginning of the yeart Muncie Choice $1.000 $20.000 30 10000

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