a. The following accounts were abstracted from Oriole Company's unadjusted trial balance at December 31, 2020:

		Debit		Credit
	Accounts receivable	$753000
	Allowance for uncollectible accounts	7800
	Net credit sales			$2810000

Oriole estimates that 7% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of

$63950.

$52710.

$185460.

$196700.

b.

In preparing its bank reconciliation for the month of April 2020, Waterway Industries has the following information available.

Balance per bank statement, 4/30/20		$102410
NSF check returned with 4/30/20 bank statement		1355
Deposits in transit, 4/30/20		15200
Outstanding checks, 4/30/20		15620
Bank service charges for April		62

What should be the correct balance of cash at April 30, 2020?

$100635

$100573

$103283

$101990