Problem: J Company ended last year with balances in Accounts Receivable and Allowance for Doubtful Accounts of $46,000 and $1,800, respectively. During the year, J Company wrote off $3,000 of Uncollectible Accounts. After aging its receivables, J Company estimates that the ending Allowance for Doubtful Accounts balance should be $3,200. What will J Company report as Uncollectible Accounts Expense on its income statement? a. $3,200 b. $4,400 c. $1,400 d. $3,000

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Problem Details

J Company ended last year with balances in Accounts Receivable and Allowance for Doubtful Accounts of $46,000 and $1,800, respectively. During the year, J Company wrote off $3,000 of Uncollectible Accounts. After aging its receivables, J Company estimates that the ending Allowance for Doubtful Accounts balance should be $3,200. What will J Company report as Uncollectible Accounts Expense on its income statement?

a. $3,200

b. $4,400

c. $1,400

d. $3,000

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