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0.5-50 The following information is from the 2019 records of Uptown Antique Shop Accounts receivable December 31, 2019 543,000 (dobit) Allowance for Bad Debts, December

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0.5-50 The following information is from the 2019 records of Uptown Antique Shop Accounts receivable December 31, 2019 543,000 (dobit) Allowance for Bad Debts, December 31, 2019 prior to adjustment $1.500 (debit) Net credit sales for 2019 $180 000 Accounts written off as uncollectible during 2019 $11.000 Cash sales during 2019 $28.000 Bad debts expense is estimated by the percent-of-sales method Management estimates that 3% of net credit sales will be uncollectible. The ending balance of the Allowance for Bad Debts account afte O A. $3,900 OB. 56,900 OC. $7,740 OD. 54,740

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