Business, 23.04.2020 17:44 Isaiahtate053

Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $76,000 and $4,050, respectively. During Year 2, Allegheny wrote off $7,500 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $6,200.

What amount will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement?

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

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