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Mario Companys Accounts Receivable balance at December 31 was $900,000 and there was a credit...

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Accounting

Mario Companys Accounts Receivable balance at December 31 was $900,000 and there was a credit balance of $4,200 in the Allowance for Doubtful Accounts, The years sales were $5,400,000. Mario estimates credit losses for the year at 1.5% of sales. After the appropriate adjusting entry is made for credit losses, what is the net amount of accounts receivable included in the current assets at year-end?

Select one:

A. $976,305

B. $832,200

C. $900,000

D. $814,800

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