At the end of the current year (before adjusting entries), Apple Corporation had a balance of $80,000 in Accounts Receivable and a credit balance of $7,000 in Allowance for Uncollectible Accounts. Service revenue (all on credit) for the year totaled $440,000. Read the requirements. Requirement 1. Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Apple Corporation estimates its uncollectible-account expense using a rate of 5% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario? Apple Corporation has balance of the Allowance for Uncollectible Accounts is of uncollectible-account expense using the percent-of-sales method. The ending under this scenario. Requirement 2. Now assume that Apple Corporation uses the aging-of-receivables method. Apple Corporation estimates that its Allowance for Uncollectible Accounts should have a credit balance of $16,000. Calculate the amount of its Uncollectible-Account Expense. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario? Apple Corporation has balance of the Allowance for Uncollectible Accounts is of uncollectible-account expense using the aging-of-receivables method. The ending under this scenario.