Bolt Corporation The following data concern Bolt Corporation for 2012. Accounts receivable--January 1, 2012 $455,000 Credit sales during 2012 900,000 Collections from credit customers during 2012 825,000 Allowance for bad debts before adjustment for the year 2,100 Estimated uncollected accounts based on an aging analysis 29,200 Refer to information provided for Bolt Corporation. If the aging
approach is used to estimate bad debts, what should the balance in the Allowance for Bad Debts account be after the bad debts adjustment?
A) $ 2,100
B) $31,100
C) $29,200
D) $27,100
C
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