LO 9.2 Millennlum Assoclates records bad debt using the allowance, income statement method. Their year-end Accounts Receivable balance is $300,000, During the year, they had $573,270 in credit s.ales. The uncollectible percentage is 3.2%. LO 9.2 Millennium Assoclates records bad debt using the allowance, income statement method. Their year-end Accounts Recelvable balance is $300,000. During the year, then had $73.270 in credit sales. The uncollectible percentage is 3.2%