On December 31 of the current year, Jerome Company has an accounts receivable balance of $329,000 before any year-end adjustments. The Allowance for Doubtful Accounts has a $1,100 credit balance. The company prepares the following aging schedule for accounts receivable:
Total Balance
1-30 days
31-60 days
61-90 days
over 90 days
$329,000
$160,000
$90,000
$51,000
$28,000
Percent uncollectible
1%
2%
3%
20%
What is the Allowance for Uncollectible Accounts at December 31 of the current year after adjustments?
A) $1,100
B) $9,430
C) $10,530
D) $11,630
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