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At the end of the current year (before adjusting entries), Autumn Corporation had a balance of $76,000 in Accounts Receivable and a credit balance of

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At the end of the current year (before adjusting entries), Autumn Corporation had a balance of $76,000 in Accounts Receivable and a credit balance of $11,000 in Allowance for Uncollectible Accounts. Service revenue (all on credit) for the year totaled $490,000 Read the requirements Requirement 1. Uning the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Autumn Corporation estimates its uncollectible-account expense using a rate of 2% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario? Autumn Corporation has $ of uncollectible-account expenso using the percent-of-sales method. The ending balance of the Allowance for Uncollectible Accounts is S under this scenario

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