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What is year-end balance in allowance for doubtful debts

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Question - Your company has sale of $245000 (credit sales $130000) for the year and uses the allowance method to account for bad debit. At the beginning of the year, allowance for doubtful debts had a credit balance of $1200. You estimated that 3% of sale may be bad. During the year you wrote off uncollectable debts of $800. What is your year-end balance in allowance for doubtful debts?

A. $5100

B. $8550

C. $4300

D. $3500

E. $7750

Reference no: EM132560465

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