### What is the appropriate balance for oceanside allowance

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##### Reference no: EM132609741

Question - Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. Its Allowance for Doubtful Accounts has a \$1,200 credit balance prior to adjusting entries. It has just completed an aging analysis of accounts receivable at December 31, 2015. This analysis disclosed the following information:

 Age Group Total Percentage Considered Uncollectible Not yet due \$52,000 1% 1-30 days past due \$30,000 2% 31-60 past due \$13,000 8%

What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31, 2015?

a. \$960.

b. \$3,360.

c. \$95,000.

d. \$2,160.

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