57. Using percentage of sales method in estimating the uncollectible account expense, Key Company expects 2% of the 2015 credit sales to be uncollectible. The credit sales of 2015 amount to $110,000 and the allowance for uncollectible accounts prior to adjustment has a credit balance of $300. The amount of the uncollectible account expense is:

Select one:

a. $300

b. $1,900

c. $2,500

d. $2,200

58. At December 31, 2015, the accounts receivable balance of Carrie Corporation is $200,000. Carries expects 1% of the outstanding accounts receivable to be uncollectible. Prior to adjustment, allowance for uncollectible accounts has a credit balance of $200. The expense reported on the income statement as uncollectible account expense of 2015 is:

Select one:

a. $2,000

b. $1,800

c. $2,200

d. $200