Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $78,000 and $4200, respectively. During Year 2, Allegheny wrote off $7800 of Uncollectible Accounts. Using the percent of receivables method, Allegheny estimates that the ending Allowance for Doubtful Accounts balance should be $6400. What amount will Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement?
A. $7800
B. $2200
C. $6400
D. $10,000
Answer: D
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