) On January 1, Dillon Company had a $3,100 credit balance in the Allowance for Doubtful Accounts. During the year, sales totaled $780,000, and $6,900 of accounts receivable were written off as uncollectible. A December 31 aging of accounts receivable indicated the amount probably uncol- lectible to be $5,300. (No recoveries of accounts previously written off were made during the year.) Dillon's financial statements for the current year should include: a. Uncollectible accounts expense of $9,100. b. Uncollectible accounts expense of $5,300. c. Allowance for Doubtful Accounts with a credit balance of $1,500. d. Allowance for Doubtful Accounts with a credit balance of $8,400. 2% 1. A company uses balance sheet approach. The following aging schedule is prepared. Before adjustment, the allowance for doubtful accounts has a debit balance of $1,000. Age group Amount Probability of becoming uncollectible Not due yet $11,000 130 days past due 2,500 31-60 days past due 2,400 10% 61-90 days past due 600 2 5 Over 90 days past due 5% 25 3,500 colo The adjusting entry, at the end of the period, will include: * (3 Points) O Debit to allowance for doubtful accounts for $2,310 Credit to allowance for doubtful accounts for $1,310 Debit to uncollectible accounts expense for $2,310 Credit to allowance for doubtful accounts for $3,310