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Banning Corporation uses the allowance method to account for uncollectible receivables. At the beginning of...

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Accounting

Banning 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 Banning wrote off uncollectible receivables of $2,000. Banning recorded Bad Debts Expense of $3,100. What is Banning's year-end balance in Allowance for Bad Debts? A. $1,900 B. $3,900 OC. $1,100 D. $5,100
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Banning Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit batance of $800. During the year Banning wrote off uncollectible receivables of $2,000. Banning recorded Bad Debts Expense of $3,100. What is Ranning's year-end balance in Allowance for Bad Debts? A. $1,900 B: 53,000 C. $1,100 D. $5,100

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