Question: At January 1 , 2 0 1 5 , Jamin had a credit balance of $ 2 6 0 , 0 0 0 in its

At January 1,2015, Jamin had a credit balance of $260,000 in its allowance for uncollectible accounts. Based on past experience, 2% of Jamin credit sales have been uncollectible. During 2015, Jamin wrote off $325,000 of uncollectible accounts. Credit sales for 2015 were $9,000,000. In its December 31,2015 balance sheet, what amount should Jamin report as allowance for uncollectible accounts?

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