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Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $60,000 10,000 7,000 400 credit 20,000 Lightning uses the percentage of credit sales

Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $60,000 10,000 7,000 400 credit 20,000 Lightning uses the percentage of credit sales method and estimatest of sales are uncollectible. What is the ending balance of the allowance account after the year end adjustment? Multiple Choice o 5600 $1000 5200 11200

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