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What the balance in the allowance for doubtful accounts

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Question - Wilmar Corp. has total sales during the year in the amount of $24.8 million, of which 55% are cash sales. There is also a debit balance of $226,200 in the allowance for doubtful accounts. If the company estimates that 3% of its credit sales will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense?

$517,800.

$183,000.

$108,600.

$561,200.

Reference no: EM131721738

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