Question 8 9) In 2017 Kingbird, Inc. had net credit sales of $2360000. On January 1, 2017, Allowance for Doubtful Accounts had a credit balance of $64500. During 2017, $96000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10 % of the balance in receivables (percentage of receivables basis). If the accounts receivable balance at December 31 was $610000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017 $26000 $96000 $61000 $92500 SAVE FOR LATER UBHET ANweR Question Attempts: 0 of 1 used udv www24 14 925 P 4/21/201