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4 pts Eagle Corp. uses the percentage - of - credit sales method to estimate uncollectibles. Net credit sales for the current year amount to

4 pts
Eagle Corp. uses the percentage-of-credit sales method to estimate uncollectibles. Net credit sales for the current year amount to $2,010,000 and management estimates 3% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $18,000. After all adjusting entries are made, the balance in Allowance for Uncollectible Accounts will be:
$18,540.
$60,300.
$42,300.
$18,000.
None of the above.
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