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McMillian Inc. had an ending balance in allowance for doubtful accounts of $12,000 in its...

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Accounting

McMillian Inc. had an ending balance in allowance for doubtful accounts of $12,000 in its June 30, 2019 financial statements. If McMillian uses the percentage of accounts receivable ending balance method for estimating bad debt expense, and its estimated uncollectible percentage is 4%, what was the ending accounts receivable balance reported in the June 30, 2019 financial statements?

Select one:

a. $350,000

b. $480

c. $520

d. $300,000

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