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What is the entry required to bring the allowance

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Question - Stegosaurus Corp. made sales of 200,000.00 during May and had an ending AR balance of 500,000.00. The credit balance in the allowance account was 10,000.00. The firm estimates that 8% of its receivables will be uncollectible. What is the entry required to bring the allowance account to its desired balance?

a) credit of 30,000.00

b) debit of 40,000.00

c) credit of 40,000.00

d) debit of 30,000.00

Reference no: EM133017828

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