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Answer:
c. Bad Debt Expense 14,600 Allowance for Doubtful Accounts 14,600.
Explanation:
As for the information provided,
outstanding balance of accounts receivables = $344,000
Also that the uncollectible balance of accounts receivables is estimated = 5% of outstanding balance.
Therefore, balance at year end of allowance for uncollectible shall be = $344,000 5% = $17,200
Provided existing balance of allowance = $2,600
Thus, entry shall be for amounting = $17,200 - $2,600 = $14,600.