Use the following information to answer the questions below The general ledger controlling account for Accounts Receivable shows a debit balance of $50,000. The Allowance for Uncollectible Accounts has a credit balance of $3,000. Net sales for the year were $500,000. In the past, 3 percent of sales has proved uncollectible, and an aging of Accounts Receivable resulted in an estimate of $20,000 of uncollectible accounts receivable. 7. Using the percentage of net sales method, Uncollectible Accounts Expense would be debited for 18,000. (18] $15,000 (C] S12,000. D] S20,000 [C] $12,000 [D] $20,000. Using the percentage of net sales method, the Allowance for Uncollectible Accounts balance (after adjustment) would be 8. [A] S20,000. B S18,00. 1$15,000. [D] S12,000. 9. Using the accounts receivable aging method, the Uncollectible Accounts Expense would be debited for [A] S23,000. [B] $20,000. [C] $21,500. [D] $17,000. Using the accounts receivable aging method, the Allowance for Uncollectible Accounts balance (after adjustment) would be [A] $23,000. 10. [B] $17,000 [C] $20,000. [D] $21,500