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Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts...

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Accounting

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Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, respectively During Year 2 Allegheny wrote off $7.200 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $6,000. What amount will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement? Multiple Choice 59 300 0 56000 52300

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