Use the Following Information to Answer Questions

Use the following information to answer questions
Foley Industries is estimating its allowance for uncollectible accounts at December 31, 2010 based on the following information:

Seventy percent of Foley's total sales for 2010 are on credit. Foley has always estimated that 5% of credit sales will be uncollectible.
-What is the balance in the Allowance for Uncollectible Accounts before the uncollectible accounts estimate entry is made on December 31, 2010?

A) $ 30,000 credit
B) $ 30,000 debit
C) $300,000 debit
D) $300,000 credit
E) none of the above