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The following information pertains to Lightning Inc., at the end of the year: 1:03:42 Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash

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The following information pertains to Lightning Inc., at the end of the year: 1:03:42 Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $76,000 14,100 8,500 $ 900 credit 30,000 Lightning uses the percentage of credit sales method and estimates 5% of sales are uncollectible. What is the ending balance of the allowance account after the year-end adjustment? Multiple Choice $6.200. $3,800 $2,900 $4,700

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