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5. If the net sales are $800,000, and bad debts arelypected to be 2% of net sales. The company uses the percentage-of-sales basis. If Allowance

5. If the net sales are $800,000, and bad debts arelypected to be 2% of net sales. The company uses the percentage-of-sales basis. If Allowance for Doubtful Accounts has a credit balance of S15,000 before adjustment, what is the balance after adjustment? (a) S15,000, (b) $27,000 (c) $23,000. 531,000 b ed

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