Filler-up is an accrual-basis calendar year C corporation. F…
Filler-up is an accrual-basis calendar year C corporation. Filler-up uses an allowance method for accounting for bad debts. The allowance for bad debts was $20,000 at the beginning of the year and $30,000 at the end of the year. During the year, Filler-up wrote off $5,000 of uncollectible receivable and accrued additional $15,000 of expenses for accounts estimated to be uncollectible What is the Schedule M-1 adjustment on Filler-ups federal income tax return?
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