17 In 2016, Winslow Company had net credit sales of $1,250,000. On January 1, 2016, Allowance for Doubtful Accounts had a credit balance of $25,000. During 2016, $32,000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivables basis). If the accounts receivable balance at December 31 was $360,000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2016? ut of question Select one: a. The answer does not exist 0 b. $43,000 c. $29.000 d. $36,000 e $6,000 Previous page Next Question 21 Not yet answered Able Company accepted a national credit card for a $5,000 purchase. The cost of the goods sold is $3,000. The credit card company charges a 2% fee. What is the impact of this transaction on net operating income? Marked out of 1.00 Flag question Select one: a. Increase by $1,900 b. Increase by $1,960 c. Increase by $4,900 d. Increase by $2,000 @ e. The answer does not exist