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Mangini Company has net credit sales of $700,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If its Allowance

Mangini Company has net credit sales of $700,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If its Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit of Answer A. $13,980 B. $15,000 C. $13,000 D. $14,000

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