Yellow Corp

Multiple Choice

Yellow Corp.'s account balances at December 31, 2017 included Accounts Receivable, $720,000 debit; Allowance for Doubtful Accounts, $800 debit.Sales during 2017 were $1,840,000.It is estimated that 2% of sales will be uncollectible.The required adjusting entry would include a credit to the allowance account for

A) $28,800.
B) $36,800.
C) $14,400.
D) $30,600.