4. Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. Its Allowance for Doubtful Accounts has a $2,200 credit balance prior to adjusting entries. It has just completed an aging analysis of accounts receivable at December 31, Year 1. This analysis disclosed the following information: Not yet due 1-30 days past due 31-60 past due a. $129,000. b. $61,000. Age Group Total c. $2,790. d. $3,810 $ 72,000 $ 34,000 $ 23,000 What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31, Year 1? Percentage Considered Uncollectible 1% 3% 9%

4. Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. Its Allowance for Doubtful Accounts has a $2,200 credit balance prior to adjusting entries. It has just completed an aging analysis of accounts receivable at December 31 , Year 1 . This analysis disclosed the following information: What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31, Year 1? a. $129,000. b. $61,000. c. $2,790. d. $3,810