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Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance
Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance of $ 1 comma 500$1,500. During the year you wrote off bad receivables of $ 2 comma 500$2,500and recorded Bad debt expense of $ 2 comma 300$2,300. What is your year-end balance in Allowance for uncollectible accounts?
1300
4000
2300
3800
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