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The following accounts were taken from Kim Company's unadjusted trial balance at year end December 31, 2019: DebitCredit Accounts Receivable (Gross)$850,000 Allowance for Doubtful Accounts11,000
The following accounts were taken from Kim Company's unadjusted trial balance at year end December 31, 2019:
DebitCredit
Accounts Receivable (Gross)$850,000
Allowance for Doubtful Accounts11,000
Net Credit Sales$2,950,000
Kim Company estimates that 1.5% of the gross Accounts Receivable will become uncollectible. After adjustment at year-end, the Allowance for Doubtful Accounts account will have a credit balance of ?
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