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During 2017, Bigly Co. computed bad debt expense of $65,000 based on 2% of $3,250,000 in credit sales. Its Allowance for Doubtful Accounts was a

During 2017, Bigly Co. computed bad debt expense of $65,000 based on 2% of $3,250,000 in credit sales. Its Allowance for Doubtful Accounts was a $200,000 credit balance at December 31, 2017. What was Biglys Allowance for Doubtful Accounts balance at December 31, 2016.

  • A. $65,000
  • B. $135,000
  • C. $265,000
  • D. $200,000

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