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The allowance for uncollectible accounts currently has a debit balance of $200. The company's management estimates that 2.5% of net credit sales will...

The allowance for uncollectible accounts currently has a debit balance of $200. The company's management estimates that 2.5% of net credit sales will be uncollectible. Net credit sales are $115,000. What will be the amount of allowance for uncollectible accounts reported on the balance sheet?
A) $2,675
B) $3,075
C) $3,275
D) $2,875
E) $2,876

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