7) A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Accounts Receivable Est. Percent Uncollectible $65,000 $ Days Outstanding 1-30 days 31-60 days 61-90 days Over 90 days $45,000 $21,000 $8,000 Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts w $1,300. Under the aging-of-receivables method, the Uncollectible-Account Expense at year-end is: A) $1,950 B) 59,000. C) $10,300 D) $11,600 8) Jumpin Corporation uses the percent-of-sales method to estimate uncollectibles. Net Credit sales for the current year amount to $2,030,000, and management estimates 5% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $1,300. The amount of Uncollectible-Account Expense reported on the income statement will be: A) $1,300. B) $100.200 C) 5101,500. D) $102,800