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Prepare the windsong allowance for doubtful accounts

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Reference no: EM132469261

The following information relates to accounts receivable of the Windsong Corporation for the year ended December 31, 20X1. Windsong doesn't estimate its uncollectible accounts expense as a percentage of net credit sales.

Accounts receivable at December 31, 20X1                                                    $1,500,000

Allowance for doubtful accounts at December 30, 20X1                                        80,000

Credit sales for 20X1                                                                                 4,500,000

Collections from customers for 20X1                                                            4,200,000

Accounts written off during 20X1                                                                    95,000

Estimated uncollectible receivables per aging ofreceivables at December 31, 20X1    120,000

Question 1: All of the accounts which were written off during 20X1 were written off before December 30, 20X1. At December 31, 20X1, Windsong's allowance for doubtful accounts should be

Option A. $40,000.

Option B. $80,000.

Option C. $120,000.

Option D. $135,000.

Reference no: EM132469261

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