Current Attempt in Progress Net credit sales for the month are $970000. The accounts receivable balance is $190000. The allowance is calculated as 10% of the receivables balance using the percentage-of-receivables basis. If the Allowance for Doubtful Accounts has a credit balance of $9600 before adjustment, what is the balance after adjustment? $9400 O $28600 O $19000 O $19960 eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer

Net credit sales for the month are $970000. The accounts receivable balance is $190000. The allowance is calculated as 10% of the receivables balance using the percentage-of-receivables basis. If the Allowance for Doubtfut Accounts has a credit balance of $9600 before adjustment, what is the balance after adjustment? $9400 $28600 $19000 $19960