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  3. in the balance sheet at the end of its first year

In the balance sheet at the end of its first year of operations, Dinty Inc....

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Accounting

In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $83,500. During the year, Dinty wrote off $31,900 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,210,000, and cash collections from credit customers totaled $1,930,000. What bad debt expense would Dinty report in its first-year income statement?

Multiple Choice

  • $83,500.

  • $51,600.

  • $115,400.

  • Can't be determined from the given information.

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