DQuestion 36 Table 5 On December 31, Grubbs Company has the following account balances Accounts receivable $330,000 Allowance for doubtful accounts 7,500 debit Net credit sales 1,500,000 3.3 Assume again that Grubbs estimates that 10% of accounts receivable will be uncollectible. Under the percentage of receivables method (balance sheet method) the balance in allowance for doubtful accounts after adjustment would be: $33,000 O $40,500 O $25,500 O $32.500 Question 37 3.33 p Accounts receivable has a debit balance of $6,000, and the allowance for uncollectible accounts has a credit balance of $860. A specific account of $740 is written off. What is the amount of net receivables after the write-off?