Pharma Corp.
The data presented below for Pharma Corp.is for the year ended December 31, 2015: 
-See the data for Pharma Corp.
If Pharma Corp.estimates its bad debt to be 1% of net credit sales, what will be the balance in the Allowance for Doubtful Accounts account after the adjustment for bad debts?
A) $12,400
B) $13,700
C) $14,000
D) $15,000
Correct Answer:
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