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What is the balance in the allowance for doubtful accounts

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Question - The following accounts were taken from Lane Co.'s unadjusted trial balance at December 31, 20x6:

Debit Credit

Accounts Receivable $352078

Allowance for doubtful accounts 2944

Net credit sales $235915

Jessica estimates that 4.5% of the credit sales will become uncollectible. After adjustment at December 31, 20x6, what is the balance in the allowance for doubtful accounts?

a. $15844

b. $10616

c. $7672

d. $13560

Reference no: EM132873666

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