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a. 1. If the estimate of uncollectible receivables is made by taking 2% of net sales, the amount of the bad debt expense is: $6,700. b. $8.220. c. $8.500. d. $9,740. 2. If the estimate of uncollectible receivables is made by taking 10% of gross account receivables, the adjusted balance of the allowance is: a. $3,540. b. $4,300. c. $5820. d. $5,060. 3. The unadjusted balance of the allowance of uncollectible receivables for a given company at the end of 2016 was $500 debit. The company estimates the bad debt expense by taking 5% of the net sales which was $30000. The adjusted balance of the allowance of uncollectible receivables in the 2016 balance sheet should be: a. $1500. b. $1000. c. $2000. d. None of the above