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Allegheny Company Ended 2015 with Balances in Accounts Receivable and Allowance

Question 99

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Allegheny Company ended 2015 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $23,000 and $900,respectively.During 2016,Allegheny wrote off $1,500 of Uncollectible Accounts.After aging its receivables,Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $1,600.What will Allegheny report as Uncollectible Accounts Expense on its 2016 income statement?


A) $2,200
B) $1,500
C) $700
D) $1,600

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