Information is from the 2020 of Holiday Resort Joy

Accounts Receivable, December 31, 2020 $330,000 (debit)

Allowance for uncollectible accounts, December 31, 2020

prior to adjustment 4,500 (credit)

Net credit sales for 2020 1,500,000

Accounts written off as uncollectible during 2020 25,500

Cash sales during 2020 270,000

1) Refer to table uncollectible accounts expense is estimated by the percent-of-sales method.

Management estimates that 2% of net sales is uncollectible. What will be the amount of uncollectible accounts expense?

2) Refer to table uncollectible accounts expense is estimated by the using of accounts receivable method. Management estimates that $35,000 of accounts receivable will be uncollectible. What will be the amount of uncollectible accounts expense?

3) Refer to table uncollectible accounts expense is determined by the direct write-off method. What will be the amount of uncollectible accounts expense?