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During the year, Wendell Company had net credit sales of $50,000. At the end of...

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Accounting

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During the year, Wendell Company had net credit sales of $50,000. At the end of the year, before adjusting entries, the balance in Accounts Receivable was $15,000 (debit) and the balance in Allowance for Bad Debts was $670 (credit). If the company uses an income statement approach to estimate bad debts at 2% wihat s the ending belancein the Alewance ter Bad Debts account? O A. $330 O B. $1,670 O C. $1,000 O D. $970

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