Arundel Company uses percentage of sales to estimate uncollectibles. At the end of the scal year, December 31, 2018, Accounts Receivable has a balance of $78,000 and had a total of $845,000 in credit sales. Arundel assumes that 2.0% of sales will eventually be uncollectible. before adjustment, the Allowance for Uncollectible Accounts had a credit balance of 5,500. What dollar amount should be credited to Allowance for Uncollectible Accounts at year end? Your Answer: Answer Question 8 {7 points) Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019: Date Ac_tivy QM! Unit Price 5/1 Beginning Inventory 175 $10.50 5/5 Purchase 200 $10.50 5/10 Sales 300 $25 5/ 15 Purchase 200 $12.50 5/20 Sales 250 $28 5/25 Purchase 150 $13.00 Using the LIFO method, determine the dollar value for Ending Inventory at the end of month of May. Round to the nearest cent. Your