Cubs Corporation issues $480.000, 10%, 5-year bonds on January 1, 2019 for $469.000 Interest is paid annually on January 1, Cubs Corporation uses the straight-line method of amortization of bond discount, the amount of interest expense recorded at December 31, 2019 would be A $50 200 B. 545 800 CS48000 OD 511 000 A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following Days Outstanding Accounts Est. Percent Receivable Uncollectible 1 - 30 days $61,000 29 31-60 days $40,000 5% 61 - 90 days $24.000 11% Over 90 days $7,000 51% Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $1,000 Under the aging-of-receivables method, the balance in the Allowance for Uncollectible Accounts will be after the adjusting entry is made OA 59.430 B$8.430 OC. $220 OD 510.430