Q1_02 Q3 Bank Recon Q3 Bank Recon Template Q3 Journal Entry Template Question A company has an opening credit balance in Allowance for Doubtful Accounts of S1.500. Its sales for the year total $400,000. Management estimates that 1% of sales are uncollectible. What is the balance of the Allowance for Doubtful Accounts at the end of the year using the income statement method? a $4.000 b$2,500 $5.500 d. None of the above