At January 1, Everbright Sales has the following balances: Accounts receivable Allowance for uncollectible accounts 1,200 Uncollectible accounts expense 18,000 During the year, Everbright has $150,000 of credit sales, collections of $140,000, and write-offs of $3,000. Everbright records Uncollectible account expense at the end of the year using the aging- of-accounts method. At the end of the year, the aging analysis produces a figure of $1,900, being the estimate of uncollectible accounts at end of year. After the year-end entry to adjust the Uncollectible accounts expense is made, what is the final balance in the Allowance for uncollectible accounts? Select one: A. Debit of $3,000 OB. Debit of $1,800 C. Credit of $1,900 OD. Credit of $4,200 Clear my choice Question 12 Answer saved Marked out of 1.00 Flag question The direct write-off method requires an entry with a credit to Accounts receivable to record the uncollectible accounts expense. Select one: True O False Question 13 Answer saved Marked out of 1.00 Flag question Which of the following statements is TRUE? Select one: O A. Notes receivable are longer in term than accounts receivable. OB. Notes receivable are always due in 30 days. OC. Accounts receivable are liabilities. OD. Accounts receivable are more liquid than cash. Clear my choice