I need25-26

25. Sandy Company accounts uses the balance sheet approach in estimating uncollectible 2opcnse, It has just completed an aging analysis of accounts receivable at December 31 2006. This analysis disclosed the following information: Age Percentage Group Considered Total Uncollectible $51,000 $29,000 $12,000 Not yet due 196 2% 8% 1-30 days past due 31-60 past due What is the appropriate balance for Sandy's Allowance for Doubtful Accounts at December 31, 2006? A) $92,000. B) 296 ofcredit sales in 2006. C) $1,540. D) $2,050. 26. At th e start of the current year, Utopia Corporation had a credit balance in the Allowance for Doubtful Accounts of $1,400 During the year a monthly provision of2% of sales was made for uncollectible accounts. Sales for the year were $300 accounts receivable were written off as worthless. No recoveries of accounts written off were made during the year. The year-end financial statements should show A) Uncollectible accounts expense of $11,200 B) Allowance for Doubtful Accounts with a credit balance of $2.200 previously c) Allowance for Doubtful Accounts with a credit balance of $6,600 D) Uncollectible accounts expense of $5.200. the following to answer questions 27-30: e end of January, the unadjusted trial balance of VIP, Inc,included the following accounts (80% represent credit sales) Credit $400,000 nts Receivable