2. 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 $350,000. In the past, 2 percent of sales have proved uncollectible. Using the percentage of net sales method the Uncollectible Accounts balance would be ( 3 Pt) a $6,000 b. $8,000. c. $7,000. d $1,000