On December 31,2016,prior to Adjustments,Accounts Receivable Has a Debit Balance

Multiple Choice

On December 31,2016,prior to adjustments,Accounts Receivable has a debit balance of $370,000 and the Allowance for Doubtful Accounts has a credit balance of $400.The firm estimates its losses from uncollectible accounts to be 5% of accounts receivable at the end of the year.The amount of the adjusting entry needed to record the estimated losses from uncollectible accounts is

A) $18,100
B) $18,500
C) $18,900
D) $17,800