n 201X Wilkinson Company had net credit sales of $1,125,000. On January 1, 201X, Allowance for Doubtful Accounts had a credit balance of $27,000. During 201X, $45,000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivables basis). If the accounts receivable balance at December 31 was $300,000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 201X?

Question 19 options:

	$30,000
	$48,000
	$112,500
	$45,000