QUESTION 39

1. Stargell had a credit balance of $5,360 in its allowance for uncollectible accounts at 1/1/20.

   Based on past experience, 1% of gross accounts receivable have been uncollectible. During the year, Stargell wrote off $6,660 of accounts receivable. Gross accounts receivable at 12/31/20 is $188,000. What amount should reported as allowance for uncollectible accounts in the year end balance sheet?

   	A.	580.
   	B.	$3,180.
   	C.	$7,240.
   	D.	$1,880.