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Max Company for the month of December: Beginning balance of uncollectible accounts on December 1st: $10,000 credit balance Percentage of sales for the uncollectible accounts

Max Company for the month of December:

Beginning balance of uncollectible accounts on December 1st: $10,000 credit balance

Percentage of sales for the uncollectible accounts during the period: 3%

Net Sales: $500,000

Required: (1) What is the uncollectible accounts expense on December 31st?

(2) What is the uncollectibe accounts expense on December 31st if beginning

balance of the uncollectible accounts is a $5,000 debit balance?

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