1.Fidler Company has estimated its bad debt expense by using 1% of net sales. However, the company is contemplating aging its accounts receivable and using this as a basis for estimating its bad debts, as it is believed that this will provide a better estimate of the uncollectible accounts. The following aging schedule was prepared as of November 30 of the current year, the end of the fiscal year.

Age of AccountAmount% estimated uncollectible

Under 60 days $730,000 1%

61-90 days 40,000 6%

91-120 days 18,000 9%

Over 120 days 72,000 25%

Net sales for the year were $4,200,000. There is a beginning balance of $14,000 in the allowance for uncollectible accounts. If Fidler estimates its bad debts by aging the accounts receivable, the adjusting entry to record bad debt expense on November 30 of the current year will be for

A.$15,320

B.$56,000

C.$29,320

D.$43,320