8. When an customer account is closed due to nonpayment, the account to be debited is:

a. Cash c. Allowance for Uncollectible Accounts

b. Accounts Receivable d. Uncollectible Accounts Expense

9. Johnson Co. uses the Aging Method to estimate uncollectible Accounts. An aging schedule shows that $60,000 in accounts are estimated to be uncollectible. The Allowance for Uncollectible Accounts already has a $5,000 credit balance. For what amount should the account be adjusted (credited)?

a. $65,000 c. $60,000

b. $70,000 d. $55,000

10. Jacobs Co. uses the Percentage of Credit Sales Method to estimate uncollectible accounts. Past experience indicates that about 2% of credit sales will become uncollectible. Credit sales for the current month are $400,000. The Allowance for Uncollectible Accounts already has a $3,000 credit balance. For what amount should the account be adjusted (credited)?

a. $83,000 c. $8,000

b. $5,000 d. $11,000