Gruber Co. has credit sales of $60,000 for the month and Accounts Receivable of $45,000. They estimate that 3% will be uncollectible. Using the percent of receivables allowance method what amount will be estimated as uncollectable?

		d) $4,500
		c) $6,000
		a) $1,350
		b) $1,800

Argyle Company uses the percent of receivables method for valuing Accounts Receivable. The A/R Account has a balance of $250,000. They estimate that 1% will be uncollectible. The Allowance for Doubtful Accounts has a credit balance of $600. Which of the following is correct?

		c) Allowance for Doubtful Accounts credited for $2,500
		d) Allowance for Doubtful Accounts debited for $2,500
		b) Allowance for Doubtful Accounts debited for $1,900
		a) Allowance for Doubtful Accounts credited for $1,900