Detailed explanation for 370 thank you

34. Buzz Corporation uses the allowance method to account for its projected bad debt. At the end of 2007 Buzz estimates that $15,000 of the existing accounts receivable will not be collected (this was determined after analyzing an aging report). Buzz reported the following account activity during 2007 Accounts Receivable balance at 1/1/2007 Allowance for doubtful accounts 1/1/2007 Cash Collections Write Offs of customer accounts Credit Sales-2007 $200,000 $10,000 $895,000 $5,000 $1,000,000 Given the above information, what is the ending balance in the Accounts Receivable account? A. $290,000 B. $305,000 C. $300,000 D. $285,000 E. $310,000 200,000 aon ,000 ,004,00 7,990 300