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

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Accounting

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Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, respectively During Year 2 Allegheny wrote off $7.200 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $6,000. What amount will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement? Multiple Choice 59 300 0 56000 52300

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\table[[\table[[TMN, Inc],[December 31,2022]],,],[,Debits,Credits,,,],[Cash,$16,600,,,,],[Accounts Receivable,18,800,,,,],[Supplies,3,400,,,,],[Prepaid Rent,3,000,,,,],[Equipment,54,000,,,,],[Accumulated Depreciation - Equipment,,$10,800,,,],[Accounts Payable,,11,900,,,],[Unearned Service Revenue,,13,900,,,],[Common Stock,,25,200,,,],[Retained Earnings,,16,100,,,],[Dividends,800,,,,],[Service Revenue,,49,000,,,],[Salaries Expense,26,900,,,,],[Utilities...

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