Lynx Corp
the Data Presented Below for Lynx Corp ?
-See the Data for Lynx Corp

Multiple Choice

Lynx Corp.
The data presented below for Lynx Corp.are for the year ended December 31,2017:
?
$$\begin{array} { l r } \text { Sales (100\% on credit) } & \$ 1,000,000 \\\text { Sales returns } & 30,000 \\\text { Accounts receivable (December 31,2017) } & 170,000 \\\text { Allowance for doubtful accounts (credit balance) } & \\\quad \text { (before adjustment at December } 31,2017 ) & 1,300 \\\text { Estimated amount of uncollectible accounts based on aging analysis } & 14,000\end{array}$$ ?
-See the data for Lynx Corp. If Lynx Corp.estimates its bad debt to be 1% of net credit sales,what will be the balance in Allowance for Doubtful Accounts after the adjustment for bad debts?

A) $1,300
B) $9,700
C) $8,400
D) $11,000