At the start of the year, winston company’s allowance for doubtful accounts had a credit balance of $14,000. during the year, it had credit sales of $1,500,000. it also wrote-off $60,000 of uncollectible accounts receivable during the year. past experience indicates that the allowance should be 3% of the balance in receivables. if the accounts receivable balance at december 31 was $300,000, what is the required adjustment to the allowance for doubtful accounts that is needed at year-end?
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