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1. Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense using Autumn Corporations estimated uncollectible-account expense rate identified in the data table. What is
1. Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense using Autumn Corporations estimated uncollectible-account expense rate identified in the data table. What is the ending balance of the Allowance for Uncollectible-Accounts under this scenario? (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong.) Uncollectible-Account Expense Allowance for uncollectible- accounts, ending balance 2. Now assume that Autumn Corporation uses the aging-of-receivables method. Using the estimated credit balance in its Allowance for Uncollectible Accounts identified in the data table calculate the amount of its Uncollectible-Account Expense. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario? (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong.) Uncollectible-Account Expense Allowance for uncollectible- accounts, ending balance
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