Net credit sales for the month are $$800000.$ The accounts receivable is $$160000.$ The allowance is calculated based on $1\%$ of credit sales. If the Allowance for Doubtful Debts has an opening balance of $$5000$ before any adjustment, what is the balance of the Allowance for doubtful debts at the end of the accounting period after adjustment?

Question $9$ Answer

a$.$

$$6600$

b$.$

$$8000$

c$.$

$$13000$

d$.$

$$1600$

e$.$

$$5000$