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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 $1,500. During the year you wrote off bad receivables of $1,800 and recorded Bad debt expense of $2,900. What is your year-end balance in Allowance for uncollectible accounts?
A.
$3,300
B.
$2,900
C.
$2,600
D.
$4,400
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