ASA INSTITUTE Final Part A nstructor: Mahbubul Joarder Name Q.1. Assume that CT Corp had an average Accounts Receivable balance at the end of the past two years of $110,000 and average uncollectable accounts of $4400. This year Accounts Receivable balance at the end of the current year was $120,000, What is the estimated amount of uncollectable accounts for this year according to percentage of receivables method? Q.2. Assume that CT Corp had an average Accounts Receivable balance at the end of the past two yeans of $240,000 and average uncollectable accounts of $1400. This year Accounts Receivable balance at the end of the current year was $220,000, What is the estimated amount of uncollectable accounts for this year according to percentage of receivables method? Q.3. Assume that CT Corp had an average Accounts Receivable balance at the end of the past two years of $350,000 and average uncollectable accounts of $2500. This year Accounts Receivable balance at the end of the current year was $280,000, What is the estimated amount of uncollectable accounts for this year according to percentage of receivables method? Assume that CT Corp had total Credit sales for the past two years of $200,000 and that $2000 of those credit sales had become uncollectable. This year CT Corp had credit sales of $120,000. What is the estimated amount of uncollectable accounts for this year according to percentage of sales method? Q.4