A company has a balance in Accounts Receivable of $ 600,000 at the end of the year and it estimates that uncollectible accounts will be 2% of accounts receivable. If Allowance for Doubtful Accounts has a credit balance of $ 1.000 prior to adjustment, its balance after adjustment will be a credit of: Select one: 

a). $ 12,000 

b). $ 11,000 

c). None of the above. 

d). $ 13,000

Answer rating: 100% (QA)

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