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15 A company had the following balances at the end of a month Accounts Receivable $145,000 Allowance for Doubtful Accounts $3.500 debit credt Sales $375.000.

image text in transcribed 15 A company had the following balances at the end of a month Accounts Receivable $145,000 Allowance for Doubtful Accounts $3.500 debit credt Sales $375.000. The company uses an Aged Accounts Receivable approach to estimate bad receivables. The breakdown of the Accounts Receivable balance Not yet due $75,000 To 30 days past due $25.000 367 3% 60 days past due $20.000 10% 60 90 days past due $15.000 20% Over 90 days pest due $10.000 40% $145.000 What aqustment needs to be made to the Allowance for Doubtful Accounts at the end of the month? Mulow Owice O $11.250 O $7900 $1750 11750 $11.000

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