in 2022, the golic co. had net credit sales of $900,000. on january 1, 2022, the allowance for doubtful accounts had a credit balance of $22,500. during 2022, $36,000 of uncollectible accounts receivable were written off. past experience indicates that the allowance should be 10% of the balance in receivables (percentage-of-receivables basis). if the accounts receivable balance at december 31 was $240,000, what is the required adjustment to the allowance for doubtful accounts at december 31, 2022? a. $24,000. b. $37,500. c. $46,500. d. $36,000.
