Gu Company provided the following from the unadjusted trial balance at year end Debit Credit Accounts Receivable 5,000,000 Allowance for Doubtful Accounts 40,000 Net Credit Sales 20,000,000 The entity...

Gu Company provided the following from the unadjusted trial balance at year end

The entity estimated that 3% of the gross accounts receivable will become uncollectible

What is the required allowance for doubtful accounts at year end?

a. 150,000

b. 110,000

c. 190,000

d. 40,000