the beginning of the year, the balance in the lowance for Doubtful Accounts is a credit of $644. During the year 5474 of previously written of accounts were rerstated and accounts totaling $70 are written off as uncollectible. The end of year balance in the lowance for Doubtful Accounts should be the one listed below. Select the correct answer O$870 0504 $544 $248 Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that the of credit sales will be uncollectible. On January 1, the Allowance for Doubtl Accounts had a credit balance of 53,800. During the year, Abbot wrote-of accounts receivable totaling $2,500 and made credit sales of $102,00. After the adjusting entry, the December 31 balance in Bad Debt Expense would be Select the correct answer 054.000 097.990 033.000 $5.280 Alowance for Doubtful Accounts has a debit balance of $394 at the end of the year (before adjustment), and Bad Debt Expense is estimated at 4 of sales. If net sales are 5904,000, the amount of the adjusting entry to record the estimate of the uncolectible accounts lis 0 $3,554 0525.755 0536160 05394