(Answered) Gross accounts receivable is 10000 allowance for doubtful

Accounting

Gross Accounts Receivable is $10,000. Allowance for Doubtful Accounts has a credit balance of $200. Net sales for the year are $150,000. In the past, 2% of sales had proved uncollectible. What would be the adjusted balance of the Allowance account under the income statement approach?

A.$3,200
B.$2,800
C.$1,400
D.$3,000

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