On December 31, 2019, Prior to Adjustments, Accounts Receivable Has

Multiple Choice

On December 31, 2019, prior to adjustments, Accounts Receivable has a debit balance of $370,000 and the Allowance for Doubtful Accounts has a credit balance of $800. The firm estimates its losses from uncollectible accounts to be 3% of accounts receivable at the end of the year. The amount to be reported as Uncollectible Accounts Expense on the income statement for the year ending December 31, 2019, is

A) $10,300
B) $12,700
C) $11,100
D) $11,900