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What will be the adjusted balance in the allowance

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Question - Darkness Inc. started Year6 with $100,000 in Accounts receivable and a $12,000 normal credit balance in the allowance for uncollectible accounts. They provided $350,000 of services on account. Darkness collected $300,000 on account from their credit customers. During Year6, Darkness wrote-off uncollectible accounts of $10,000. At the end of Year6, Darkness estimates that 10% of accounts receivable will be uncollectible. What will be the adjusted balance in the allowance for uncollectible accounts at 12/31/Year6?

A. 14000

B. 13000

C. 15000

D. 12000

E. 10000

Reference no: EM132099870

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