44 2 points The following information pertains to Jacobsen Co.'s accounts receivable at December 31, 2015: Days Estimated % Outstanding Amount Uncollectible 0 - 30 $420,000 2% 31-60 140,000 5% 61 - 120 100.000 10% Over 120 120,000 20% In 2015 Jacobsen had credit sales of $10,000,000. During 2015, Jacobsen's December 31, 2015, allowance for uncollectible accounts was $40,000 before adjusting. Under the aging of receivables method, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2015 after adjusting entry? $49,400 $119,000 $89,400 $9,400 Next Previous 49 2 points Which option correctly shows the normal balance in the account type (ie, which side increases its balance)? a. b. Liabilities Debit Credit Credit Debit Assets Credit Debit Debit Credit Option B Equity Debit Credit Credit Debit Revenues Debit Credit Debit Credit Expenses Credit Debit Credit Debit C. d. OOOO Option C Option D Option A Previous Previous Next 5 7