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Accelerated Solutions has the following data for the year ended December 31, Year 1: $ 350,000 Accounts receivable (January 1, Year 1) Credit sales 1.200,000

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Accelerated Solutions has the following data for the year ended December 31, Year 1: $ 350,000 Accounts receivable (January 1, Year 1) Credit sales 1.200,000 Collections from credit customers Customer accounts written off as uncollected 850,000 10,000 35.000 Allowance for doubtful accounts (January 1. Year 1) Estimated uncollected accounts based on an aging analys (December 31, Year 1) 50,000 Refer to Accelerated Solutions. If the aging approach is used to estimate bad debts, what is the balance in the allowance for doubtful accounts after the bad debt expense dustment a $10,000 . $15,000 $50,000 od $25,000

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