Your business uses the allowance method to account for uncollectible receivables. at the beginning of the year, allowance for uncollectible accounts had a credit balance of $ 1 comma 000. during the year you wrote off bad receivables of $ 2 comma 400 and recorded bad debt expense of $ 2 comma 300. what is your year-end balance in allowance for uncollectible accounts?

Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.