Question: pls can i get help with this question? Wellington Corp. has outstanding accounts receivable totaling $1 million as of December 31 and sales on credit

pls can i get help with this question?

Wellington Corp. has outstanding accounts receivable totaling $1 million as of December 31 and sales on credit during the year of $5 million. There is also a debit balance of $20,000 in the allowance for doubtful accounts. The company estimates that 3% of its sales will be uncollectible. The necessary adjusting entry would include a credit to the allowance account for $30,000. $170,000 $150,000. $10,000. $130,000

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