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

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The following information pertains to Lightning Inc, at the end of the year Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $71,000 12,100 6,900 $ 1,300 credit 27,000 Lightning uses the percentage-of-credit-sales method and estimates 1% of soles are uncollectible. What is the ending balance of the allowance account after the year-end adjustment? Multiple Choice $710 $ 590 $2.280 o $2,010

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