Testbank Multiple Choice Question 07 Banita Industries has outstanding accounts receivable totaling $1.2 million as of December 31 and sales on credit during the year of 56.46 million. There was a bit balance of 5300 in the allowance for doubt accounts of the company estimates that 2% of its accounts receivable wit be uncollectible, what will be the balance in the allowance for doubtful accounts after the year and adjustment to recorded debt expense 530700 525400 525294 520100