At the beginning of Year 3 Omega Company had a $60,000 balance in its accounts receivable account and a $3,000 balance in allowance for doubtful accounts. During Year 3, Omega experienced the following events.(1)Omega earned $200,000 of revenue on account(2)Collected $210,000 cash from accounts receivable(3)Wrote-off $2,000 of accounts receivable as uncollectibleOmega estimates uncollectible accounts to be 4% of receivables. Based on this information, the December 31, Year 3 unadjusted (current)balance in allowance for doubtful accounts account (balance before expense recognition)is

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The unadjusted balance in the allowance for doubtful accounts is calculated by taking the beginning balance, adding any write-offs, and subtracting any recoveries. Starting with $3,000, subtract the $2,000 write-off, resulting in $1,000.

At the Beginning of Year 3 Omega Company Had a $60,000