Your company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for doubtful accounts had a credit balance of $1,000. During the year, you recorded bad debt expense of $2,700 and wrote off bad receivables of $2,100. What is your year-end balance in Allowance for doubtful accounts?
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Home » Business » Your company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for doubtful accounts had a credit balance of $1,000.