ccounting - II Which of the following statements is correct? Select one: a. The percent-of-sales method is a balance sheet approach of estimating uncollectible accounts b. The aging-of-accounts-receivable method is an income statement approach of estimating uncollectible accounts C. The aging-of-accounts-receivable method computes uncollectible accounts expense as a percentage of net credit sales d. The income statement approach computes uncollectible accounts expense as a percentage of net credit sales