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What is the balance in the allowance for doubtful accounts

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Reference no: EM132842679

Question - Based on the following information for calendar? 2021:

Accounts? receivable, January 1 $125,000

Credit sales during the year 1,400,000

Allowance for doubtful? accounts, January 1 15,000

Cash collected on accounts receivable during the year 1,350,000

Uncollectible accounts written off during the year 8,000

If bad debts expense is estimated at? 1.5% of credit? sales, what is the balance in the allowance for doubtful accounts at year? end?

A. 28,000

B. 36,000

C. 15,625

D. 13,000

Reference no: EM132842679

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