12 A company has the following balances at the end of a month: Accounts Receivable $ 250.000; Allowance for Doubtful Accounts $6.000 (credit credit Seles $ 600,000 The company uses the Percent of Receivable method and experience suggests that 5% of outstanding receivables will not be collectible What adjustment needs to be made to the Allowance for Doubtful Accounts at the end of the month Mutor Onece $1,500 cred $6.500 0 0 $6500 $18.500 $24,000