At the Beginning of the Year,a Company Had an Allowance

question 114

Short Answer

At the beginning of the year,a company had an Allowance for Uncollectible Accounts of $22,000.By the end of the year,actual bad debts total $24,000.What is the balance of the Allowance for Uncollectible Accounts after the write-offs (before any year-end adjustment)?

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Definitions:

Recipient's First Name

The given name of an individual who is the intended receiver of a message or item.

Apologize

Expressing regret or sorrow for having done something wrong or causing inconvenience.

Message

The information or main idea that is communicated by a speaker, writer, or any form of media to the audience.

Positive Emphasis

Focusing on positive aspects or outcomes in communication or presentation to influence perception and response.