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What is the required adjustment to the allowance

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Question 1 : In 2017, Garrison Company had net credit sales of $2,250,000. On January 1, 2017, Allowance for Doubtful  Accounts had a credit balance of $54,000. During 2017, $90,000 of uncollectible accounts receivable were  written off. Past experience indicates that the allowance should be 10% of the balance in receivables  (percentage of receivables basis). If the accounts receivable balance at December 31 was $700,000, what  is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017?

Option a. $60,000

Option b. $225,000

Option c. $96,000

Option d. $90,000

Reference no: EM132533029

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