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A trial balance before adjustments included the following: Debit. Credit Sales $1710,000 Sales returns and allowance $55,400 Accounts receivable 164,000 Allowance for doubtful accounts 2,120

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A trial balance before adjustments included the following: Debit. Credit Sales $1710,000 Sales returns and allowance $55,400 Accounts receivable 164,000 Allowance for doubtful accounts 2,120 If the estimate of uncollectibles accounts is made by taking 3% of gross accounts receivables, the amount of the adjustment to the allowanc, is $2,800 $7,040 $4,856 None of these answer choices are correct. $4,920 Question 25 2 pts Coronado Industries had a 1/1/17 balance in the Allowance for Doubtful Accounts of $21,000. During 2017, it wrote off $15.070 of accounts and collected $4,160 on accounts previously written off. The balance in Accounts Receivable was $410,000 at 1/1 and $540,000 at 12/31. At 12/31/17, Coronado estimates that 7% of accounts receivable will prove to be uncollectible. What should Coronado report as its Allowance for Doubtful Accounts at 12/31/17? $10,090 $26,890 $37,800 None of these answer choices are correct. $22,730

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