At the end of the current year (before adjusting entries), Captain Corporation had a balance of $80,000 in Accounts Receivable and a credit balance of $11,000 in Allowance for Uncollectible Accounts. Service revenue (all on credit) for the year totaled $440,000. Read the requirements Requirement 1. Using the percent-of-sales method, calculate the amount of Uncollectible Account Expense if Captain 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? Captain Corporation has Jot uncollectible-account expense using the percent-of-sales method. The ending balance of the Allowance for Uncollectible Accounts is under this scenario Requirement 2. Now assume that Captain Corporation uses the aging-of-receivables method, Captain Corporation estimates that its Allowance for Uncollectible Accounts should have a credit balance of $24,000. Calculate the amount of its Uncollectible Account Exponse. What is the ending balance of the Allowance for Uncollectible Accounts under this scenario? Captain Corporation has of uncollectible-account expense using the aging of receivables method. The ending balance of the Allowance for Uncollectible Accounts in under this scenario