CALCULATOR PRINTER VERSION BACK NEX Multiple Choice Question 99 Coronado Industries has outstanding accounts receivable totaling $6.11 million as of December 31 and sales on credit during the year of $29.4 million. There is also a debit balance of $11500 in the allowance for doubtful accounts. If the | company estimates that 8% of its outstanding receivables will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense? O $477300. O $500300. $ 488800. O $2352000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used