ADA Calc: % of Receivables, Class Quest Company had the following balances as of January 1 , 2016 Accounts Receivable $600,000.00 Debit, Allowance for doubtful Accounts $32,000.00 credit , During the fiscal year 2016 (Jan1 to Dec 31, 2016) the company had the following transactions , Total Sales $7,200,000.00 (of which 40% represents cash sales.) Cash collected from credit customers $3,000.000.00, Write-offs of uncollectible accounts $22,000.00 Required: If the company estimates the 2.5% of its accounts receivable balance is uncollectible, calculate the ending balance in the allowance for doubtful accounts. The Answer came back at $10,000.00 for allowance in doubtful accts.