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PUWILS) The following accounts were included on Mali Co.'s unadjusted trial balance at December 31, 2020 Debit Credit Accounts receivable (debit) $850,000 Allowance for doubtful
PUWILS) The following accounts were included on Mali Co.'s unadjusted trial balance at December 31, 2020 Debit Credit Accounts receivable (debit) $850,000 Allowance for doubtful accounts (debit) 11,000 Net credit sales (credit) $2,950,000 Mali estimates that 1.5 % of the gross accounts receivable will become uncollectible. After the proper adjustment at December 31, 2020, the allowance for doubtful accounts should have a credit balance of a) $23.750. Ob) 12.750 c) $ 11 000 d) $ 1.750
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