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During 2004, Allied Associates had $ 750,000 of net values. Accounts receivables had a December 31, 2004 Balance of $ 250,000. No amounts have been

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During 2004, Allied Associates had $ 750,000 of net values. Accounts receivables had a December 31, 2004 Balance of $ 250,000. No amounts have been added to the allowance of doubtful accounts during 2004. Before adjustment on December 31, 2004 the allowance for doubtful accounts had a credit balance of $ 2000. Allied estimates that 6% of receivables will become uncollectible. What will be the adjusted balance in allowance for doubtful accounts at December 31

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