Allegheny Company ended Year 1 with balances in Accounts Receivable and allowance for Doubtful Accounts...
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Accounting
Allegheny Company ended Year 1 with balances in Accounts Receivable and allowance for Doubtful Accounts of $23,000 and $900, respectively. During Year 2, Allegheny wrote off $1,500 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubthal Accounts balance should be $1,600 What amount wil Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement? Multiple Choice 52.200 $4500 $700
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