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Dynamic, Inc. had credit sales of $630,000 for March. Accounts receivable of $6,500 were determined to be worthless and were written off during March. Accounts

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Dynamic, Inc. had credit sales of $630,000 for March. Accounts receivable of $6,500 were determined to be worthless and were written off during March. Accounts recevable total $509,000 at March 31. Management feels that based on past experience, approximately 2% of net credit sales will prove to be uncollectible. value: 5.00 points Assuming Dynamic, Inc. uses the Income statement approach (an allowance method) to account for uncollectible accounts, uncollectible accounts expense for March is: $10,180 O $16,680 $19,100 $12,600

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