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9. Chen Company's account balances at December 31, 2008 for Accounts Receivable and the Allowance for Doubtful Accounts are $320,000 debit and $600 credit. Sales

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9. Chen Company's account balances at December 31, 2008 for Accounts Receivable and the Allowance for Doubtful Accounts are $320,000 debit and $600 credit. Sales during 2008 were $900,000. It is estimated that 1% of sales will be uncollectible. The adjusting entry would include a credit to the allowance account for A. $9,600. B. $9,000. C. $8,400. D. $3,200

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