Use the following information to answer the next three questions. Ellis Company started the year with a exist4, 600 accounts receivable and a exist150 balance in the allowance for doubtful accounts. The company had credit sales of collections on accounts receivable of exist13,000, and wrote off uncollectible accounts of exist200 during the year. The comp believes that 2 percent of its credit sales will be uncollectible. The balance in the accounts receivable account at the end of the year would be a. exist3, 600. b. exist3, 400. c. exist3, 250. d. exist4, 360. The amount of uncollectible accounts expense appearing on the year's income statement would be a. exist532. b. exist332. c. exist240. d. exist440. The net realizable value of receivables at the end of the year would be a. exist3, 210. b. exist3, 350. c. exist3, 250. Under the allowance method, recording the write-off of an uncollectible account will have what effect on the equation? a. Total assets decrease and equity decreases b. Total assets remain unchanged. c. Total assets increase and equity decreases. d. Liabilities increase and equity decreases. ABC Company accepts a credit card in payment for exist1, 500 of services performed for a customer. The credit card company charges a 4 percent service fee. Recording the transaction on ABC's records will a. increase assets by exist1, 440. b. increase expenses by exist60. c. increase revenue by exist1, 500. d. All of the above