Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and bad debt expense is estimated at 3% of credit sales. If credit sales are $300,000, the amount of the adjusting entry to journalize the estimated uncollectible accounts receivable is a. $9,000 b. cannot determine without more information. Oc. $8,500 d. $9,500

Allowance for Doubtful Accounts has a credit balance of $500 at the end of the vear (before adjustment), and bad debt expense is estimated at 3% of credit sales. If credit sales are $300,000, the amount of the adjusting entry to journalle the estimated uncollect ble accounts receivable is a. 59,000 b. cannot deterwine withori more information C. 56,500 d. 39.500 Allowance for Doubtful Accounts has a credit balance of $500 at the end of the vear (before adjustment), and bad debt expense is estimated at 3% of credit sales. If credit sales are $300,000, the amount of the adjusting entry to journalle the estimated uncollect ble accounts receivable is a. 59,000 b. cannot deterwine withori more information C. 56,500 d. 39.500