Question 17 5 pts Anderson Co. uses the percentage-of-sales method to estimate uncollectible account expense. Based on the information below, the amount of the adjusting entry to record uncollectible account expense is: Total Credit Sales: $120.000 Estimated Uncollectible Percentage: 296 Unadjusted balance in the allowance for uncollectible accounts: $1.500 credit 3.900 O 2.400 O 1,500 900 D Question 20 5 pts The Accounts Receivable Aging Analysis for Penny Design Corp appears below. Days Outstanding 1-30 days 31-60 days 61-90 days Over 90 days Accounts Receivable 85,500 62.000 17,000 3,300 Estimated Uncollectible Percentage: 2% 4% 8% 25% Before the year-end adjustment entry, the balance in the allowance for uncollectible accounts is $2.200 credit. Using the aging-of- receivables method, the uncollectible account expense adjusting entry amount is: 8.575 1.975 6,375 4,175 5 pts D Question 21 Conundrum, Inc. is a merchandiser that sells fidget spinners. During 2021, Conundrum had Sales Revenue of $100,000, Cost of Goods sold of $25,000, and purchased inventory of $20,000. What is total gross profit on Conundrum's 2021 income statement? O 25,000 55,000 75,000 95,000