On December 31, before making year-end adjusting entries, Accounts Receivable had a debit balance of $80,000, and the Allowance for Uncollectible Accounts had a credit balance of $3,500. Credit sales for the year were $600,000. If credit losses are estimated at 1/2 percent of credit sales, which of the following is true?

(A) The balance of the Allowance for Uncollectible Accounts will be $500 after adjustment.

(B) The balance of the Allowance for Uncollectible Accounts will be $3,500 after adjustment.

(C) The balance of the Allowance for Uncollectible Accounts will be $6,500 after adjustment. correct

(D) The Uncollectible Accounts Expense for the year will be $500.

(E) The Uncollectible Accounts Expense for the year will be $6,500.