Crimson Inc. recorded credit sales of $725,000, of which $530,000 is not yet due, $110,000 is past due for up to 180 days, and $85,000 is past due for more than 180 days. Under the aging of receivables method, Crimson Inc. expects it will not collect 2% of the amount not yet due, 20% of the amount past due for up to 180 days, and 24% of the amount past due for more than 180 days. The allowance account had a debit balance of $1,800 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account? Multiple Choice $54,800. $10,600. $66,100. $53,000. During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory Sep.8 Purchase Number Unit of Units Cost 20 $55 10 42 30 Total Cost $1,100 420 $1,520 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending inventory Cost of goods sold The following information pertains to Lightning Inc., at the end of the year: Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $82,000 13,300 6,000 $ 1,300 credit 20,000 Lightning uses the percentage-of-credit-sales method and estimates 7% of sales are uncollectible. What is the ending balance of the allowance account after the year-end adjustment? Multiple Choice $7,040. $4,440. $5,740. $8,440