In 2019 the Fitzu Co. had net credit sales of $750,000. On January 1, 2019, the Allowance for Uncollectible Accounts account had a credit balance of $16,000. During 2019, $30,000 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in the Accounts Receivable account (Single Estimated % of Total A/R method). If the Accounts Receivable account balance at December 31, 2019 is $250,000, what is the required adjustment to the Allowance for Uncollectible Accounts account at December 31, 2019? $25,000 credit O $11,000 credit $39,000 credit O $34,000 credit None of the answers are correct Lail Inc. accounts for bad debts using the Allowance Method. On June 1, Lail Inc. wrote off Andrew Black's $2,500 account as uncollectible. Which of the following is the correct journal entry Lail Inc. would make in its accounting system to record the write off of Andrew Black's account? Debit Credit A. Bad Debt Expense 2,500 Allowance for Uncollectible Accounts 2.500 B. Bad Debt Expense 2,500 Accounts Receivable 2,500 C. Allowance for Uncollectible Accounts 2,500 Bad Debt Expense 2,500 D. Accounts Receivable 2,500 Allowance for Uncollectible Accounts 2,500 Answer A Answer B Answer C Answer D None of the answers are correct