4 pts Martin Enterprises began 2020 with a $25,000 balance in accounts receivable and a $700 balance in the allowance for doubtful accounts. The company had credit sales (sales on account) of $65,000, collections on accounts receivable of $58,000, and wrote off uncollectible accounts of $500 during 2020. The company uses the allowance method and estimates that 2% of its credit sales will be uncollectible. The balance in the accounts receivable account at the end of 2020 would be O $31.500 $30,800. O $31,300 $32,000 Question 7 4 pts Using the information provided in Question #6 and assuming no other entries were recorded to uncollectible accounts expense during 2020, the amount of the adjustment to uncollectible accounts expense appearing on the 2020 income statement would be O $1,800 O $1.100 O $ 500 $1,300 Question 8 4 pts Using the information provided in Question #6, the net realizable value of receivables at the end of the year would be $30,000 O $30,700 O $30.200 O $29.500