Question: I need help solving this general accounting question with the proper methodology. Horizon Manufacturing has outstanding accounts receivable of $520,450 as of December 31 and

I need help solving this general accounting question with the proper methodology.

Horizon Manufacturing has outstanding accounts receivable of $520,450 as of December 31 and sales on credit during the year of $1,825,300. There is a credit balance of $8,750 in the allowance for doubtful accounts. If the company estimates that 3.5% of its outstanding receivables will be uncollectible, what will the balance be in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense

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