What will be the balance in the allowance for doubtful accounts after the year end adjustment to record bad debt expense?

5) NWP Ass X NWP Ass X Videopla x A Player X NWP Ass X NWP Ass X y.com/was/ui/v2/assessment-player/index.html?launchld=43fcfc53-014e-4d27-9ed5-e68afafaebb7#/question/9 stion 10 of 15 0 /1 E Policies w Attempt History ent Attempt in Progress X Your answer is incorrect. ane Company has outstanding accounts receivable totaling $1.25 million as of December 31 and sales on credit during the year of 6.20 million. There is also a debit balance of $4800 in the allowance for doubtful accounts. If the company estimates that 2% of its counts receivable will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end djustment to record bad debt expense? O $25000. $29800 O $20200 O $24904. Textbook and Media Save for Later Attempts: 1 of 2 used Submit Answer _Balance_She....xIs (3- CH13_Trial_Balance...xIsx (3=] CH_11_Profit_and_. .xIsx (3-) . CH13_Trial_Balar O Fi W hp