Using the percentage of net sales method. Company B estimates the uncollectible accounts expense to be 0.5% of net sales of $8, 800, 000. If the Allowance for Uncollectible Accounts has a credit balance of $9, 000 before the adjustment, what the balance after the adjustment? $9, 000 $44, 000 $53, 000 $440, 000 Which of the following accounts is not considered an asset? Accounts Payable Accounts Receivable Merchandise Inventory Trademark Which of the following is the correct accounting equation: Assets = Liabilities - Owner's Equity Assets + Liabilities = Owner's Equity Assets + Owner's Equity = Liabilities Assets = Liabilities + Owner's Equity Which of the following accounts are increased with a debit entry? Assets & Owners Equity Assets, withdrawals and expenses Liabilities & Owner's Equity Revenues, Liabilities and Owner's Equity