At January 1, 2013, Simpson Co. had a credit balance of $260,000 in its allowance for uncollectible accounts. Based onpast experience. 2 percent of Simpson's credit sales have been uncollectible. During 2013. Simpson wrote off 5325.000 ofaccounts receivable. Credit sales for 2013 were $9.000,000. In its December 31. 2013. balance sheet, what amount shouldSimpson report as allowance for uncollectible accounts? a. 5115.000b. 5180.000c. $245,000d. $440,000
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