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15. Use this information to answer the following question. The general ledger account for Accounts Receivable shows a debit balance of $50,000. Allowance for Uncollectible

15. Use this information to answer the following question.
The general ledger account for Accounts Receivable shows a debit balance of $50,000. Allowance for
Uncollectible Accounts has a credit balance of $1,000. Net sales for the year were $494,000. In the past,
2 percent of sales have proved uncollectible, and an aging of accounts receivable accounts results in an
estimate of $13,500 of uncollectible accounts.
Using the percentage of net sales method, the Allowance for Uncollectible Accounts balance (after adjustment) would be? Please show your work.

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