Marston Company has outstanding accounts receivable totaling

euro6.5

million as of December 31 and sales on credit during the year of

euro24

million. There is also a credit balance of

euro12,000

in the allowance for doubtful accounts. After aging itsreceivables, the company estimates that 2% of its credit sales will be uncollectible. What will be the balance for the Allowance for Uncollectible Accounts after the

yearminusend

adjustment is made to record bad debt expense?

A.

euro492,000

B.

euro468,000

C.

euro480,000

D.

euro488,000