Question 36 Table 5 On December 31, Grubbs Company has the following account. balances Accounts receivable $330,000 Allowance for doubtful accounts 7,500 debit Net credit sales 1,500,000 3.33 pts Assume again that Grubbs estimates that 10% of accounts receivable will be uncollectible. Under the percentage of receivables method (balance sheet method) the balance in allowance for doubtful accounts after adjustment would be O $33,000 $40,500 O $25,500 $32.500