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Fisherman Company uses the percent-of-sales method to estimate uncollectibles Net credit sales for the current yeat amount to $150.000 and management estimates 4% will be

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Fisherman Company uses the percent-of-sales method to estimate uncollectibles Net credit sales for the current yeat amount to $150.000 and management estimates 4% will be uncollectible. The amount of expense to report on the income statement was 56.000. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of 52,000The balance of Alowance for Uncollectible Accounts, after adjustment will be O A $6.000 . B. $8.000 OC 51000 D. 57 700

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