View previous ats A company has the following balances at the end of a month Accounts Receivable $ 250,000; Allowance for Doubtful Accounts $ 6,000 (credit), credit Sales $ 600,000. The company uses the Percent of Receivable method and experience suggests that 5% of outstanding receivables will not be collectible. What adjustment needs to be made to the Allowance for Doubtful Accounts at the end of the month? Multiple Choice $18,500 credit $ 6,500 debit. $6,500 credit $ 18,500 debit. $ 24,000 credit.