In 2021, Warehouse 13 had net credit sales of $759000. On January 1,2021, Allowance for...

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Accounting

In 2021, Warehouse 13 had net credit sales of $759000. On January 1,2021, Allowance for Doubtful Accounts had a credit balance of $16070. During 2021, $29010 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivable basis). If the accounts receivable balance at December 31 was $161000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31,2021?
$29040
$32170
$29010
$161000
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