At the beginning of 20X1, Branson Corp.'s "Allowance for Uncollectible Accounts" had a credit balance of $15,000. During 20X1, account receivable balances totaling $16,000 were specifically written-off as being uncollectible.

As a result of the above, which of the following statements is true immediately after these specific write-offs?

a.

The "Allowance for Uncollectible Accounts" account has a debit balance of $1,000 which implies that last year's estimate of bad debts was underestimated (too low).

b.

The "Allowance for Uncollectible Accounts" account has a credit balance of $31,000 which implies that last year's estimate of bad debts was underestimated (too low).

c.

The "Allowance for Uncollectible Accounts" account has a credit balance of $31,000 which implies that last year's estimate of bad debts was overestimated (too high).

d.

The "Allowance for Uncollectible Accounts" account has a debit balance of $1,000 which implies that last year's estimate of bad debts was overestimated (too high).