At the end of the current year (before adjusting entries), Beach Corporation had a balance of $78,000 in Accounts Receivable and a credit balance of $6,000 in Allowance for Uncollectible Accounts Service revenue (all on credit) for the year totaled $470,000, Read the requirements Requirement 1. Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Beach Corporation estimates its uncollectible-account expense using a rate of 4% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario? Beach Corporation has of uncollectible-account expense using the percent-of-sales method. The ending balance of the Allowance for Uncollectible Accounts is under this scenario Requirements Consider each of the following two independent situations. 1. Using the percent-of-sales method, calculate the amount of Uncollectible-Account Expense if Beach Corporation estimates its uncollectible-account expense using a rate of 4% of credit sales. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario? 2. Now assume that Beach Corporation uses the aging-of-receivables method. Beach 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? Print Done