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Coronado Is Us Co. uses the percentage of sales approach each period to estimate uncollectible accounts. During the current year, Coronado determined that bad debt

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Coronado Is Us Co. uses the percentage of sales approach each period to estimate uncollectible accounts. During the current year, Coronado determined that bad debt expense should be $11350. Assuming an opening debit balance in the allowance for doubtful accounts of $980, what adjustment should be made to the allowance for doubtful accounts during the current year? O Credit for $12330 O Credit for $10370 Credit for $11350 No adjustment required

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