Blue Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $ 800. During the year Blue wrote off uncollectible receivables of $ 1 comma 700. Blue recorded Bad Debts Expense of $ 2 comma 600. What is Blue's year-end balance in Allowance for Bad Debts? A. $ 3 comma 400 B. $ 4 comma 300 C. $ 1 comma 700 D. $ 900
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Home » Business » Blue Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $ 800. During the year Blue wrote off uncollectible receivables of $ 1 comma 700.