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Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. Its...

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Accounting

Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. Its Allowance for Doubtful Accounts has a $2,000 credit balance prior to adjusting entries. It has just completed an aging analysis of accounts receivable at December 31, Year 1. This analysis disclosed the following information:
,
\table[[Age Percentage],[Group Considered],[Total Uncollectible]]
Not yet due $68,0001%
1-30 days past due $34,0004%
31-60 past due $21,0007%
What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31, Year 1?
Select one:
a. $55,000.
b. $123,000.
c. $3,510.
d. $2,150.
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